Small businesses are clearly feeling a state of relief today after finding out that they will be able to access a fund worth billions of pounds in new finance. They also have the added bonus of paying less tax and even have the opportunity to delay the taxes they owe.
However, it was clear that if [...]
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Rate’s as low as they were in 1951 but not everyone will benefit according to banks
As we bear witness to the interest rates being slashed by an incredible 2 per cent in recent weeks, the Chancellor, Alistair Darling, is still warning banks that unless they pick up their rate of lending then “further action” must be taken by the Government.
The new interest rate is the lowest the country has seen [...]
Small businesses feel PBR is good, but not good enough
Pre-Budget Report - Will it live up to expectations?
Today small sized businesses will come to learn whether the Federation of Small Businesses has done enough to secure a more comfortable future few months for those struggling under the current financial pressure.
Small businesses are hoping to get some relief today through slashes in VAT, help with national insurance contributions and aid with income tax [...]
Organisations stick up for Small Businesses at a new Governmental Small Business Finance Forum
A new Governmental Small Business Finance Forum will be playing host to a number of business groups today with focus placed heavily on creating a plan to help small businesses pull through the storm that is he current economic slump. The Business Secretary, Lord Mandelson and the Business Minister, Baroness Vadera, will moderate the meeting.
On [...]
CBI Expects Bleak Month ahead for Retailers
Following a sharp fall in retail sales in July, the Confederation of British Industry (CBI) expects August to be a bleak month for consumer spending.
In the recent Distributive Trades Survey, 61 percent of those who took part reported a drop in sales compared to the previous years’ July, with just 25 percent reporting an increase. [...]
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