In an attempt to keep the banks supplying credit to small businesses through the economic downturn, the business secretary, Lord Mandelson has announced that he will be guaranteeing up to £20 billion of small business loans. Businesses that record sales of up to £500 million will qualify for the newly guaranteed loans.
However, many are criticising [...]
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Lord Mandelson announces £20 billion guarantee for small business lending
80 per cent of SMEs don’t provide pension scheme claims ACA survey
News has surfaced that most small businesses in the country do not offer pension schemes for their employees. The information was published in a survey taken by the Association of Consulting Actuaries and shows that a staggering 80 per cent of small businesses in Britain failed to provide any sort of pension scheme to their [...]
The FSB demand credit card interest rate cap
The Federation of Small Businesses is urging the Government to include protection from credit card interest rates as part of their efforts to aid small businesses in 2009.
The Federation is lobbying to bring in a cap on interest rate charges as they reveal that around 25 per cent of small businesses claim that they use [...]
Darling’s got a plan - banks still refusing to play along
Alistair Darling is once again stepping up the pressure on banks and has announced that the banks must do “much more” to aid small businesses in the country.
The Chancellor made a promise to small businesses that he would apply any necessary pressure to get the banks lending appropriately. He also understands that more governmental guarantees [...]
Prime Minister Defends Government Borrowing
The prime minister has stood by his plans to increase government borrowing in order to “support economic activity”.
BERR:Issuing health and safety info could save businesses £300m
BERR - the Department for Business, Enterprise and Regulatory Reform – has said that if companies improved the health and safety information available to small firms, it could save them £300 million in total.
The government body believe safety in work environments could be improved with the provision of advice, which could be given over [...]
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