Business ministers have welcomed the Business and Enterprise Select Committee report that the Enterprise Financial Guarantee (EFG) has seen thousands of businesses benefit from the government guaranteed loan. The loan was introduced six months ago, and over half a billion pounds worth of applications have been granted or are in the process of being assessed [...]

The future is bright according to the Government – time to think about training! The Government is feeling positive about the future – they are providing new skills support to employers to take some of the pressure off businesses when employment rates start to look healthier. The service, being called Train to Gain, will work [...]

Government plans could cost small firms £800m a year. After blaming the Government for not doing enough to aid the floundering economy, the Federation of Small Businesses has now called for the Government to hold back on their plans to implement new legislation that could eventually cost the industry around £800 million a year. The [...]

It’s just not working… The Federation of Small Businesses has hit out at the Government’s response to the economic crisis by saying that they view the measures that have been taken as a failure. Through the economic downturn the Government has fallen back on their interest rate blanket as well as provided funding for firms [...]

The declining strength of the pound has become even more apparent over the last few days as the country has watched it’s worth drop against the dollar.  The pound has fallen to close to a 23 year low, standing at $1.3915 for every pound and 1.0688 Euros for every pound. Compared to last summer, the [...]

The government has announced today that a second bail out for banks is in the works, only three months after the first massive bail out was brought to light that was intended to save the banks and ease the tightening felt by the recession.  The new plan is being hailed as the country’s last option [...]

The Federation of Small Businesses, after hearing that the Government is set to provide a £1.3 billion fund for small businesses, has announced that bank managers make good on the fund and supply the necessary money to the businesses that need it the most. The Federation has declared that they welcome the fund, which is [...]