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  • Bournemouth Barclays bank bricked up in loans protest

  • 29th September 2010
  • A developer bricked up the front of a bank in Dorset in protest at the lack of credit available for small firms.Cameron Hope said he had been refused £240,000 in loans and getting credit was like "talking to a brick wall".He and other prot...
  • Unemployment

  • 29th September 2010
  • The number of people claiming Jobseeker's Allowance increased by 2,300 between July and August 2010 to reach 1. 47 million - the first monthly increase since January 2010 according to the Office for National Statistics.But the number of people unemployed ...
  • BBC News - Should consumers spend or save?

  • 29th September 2010
  • Low interest rates should encourage savers to go out and spend their funds to inject some life into the economy, the deputy governor of the Bank of England has said.Charlie Bean, who sits on the committee which determines the Bank rate, said savers should...
  • NIC holiday scheme up and running

  • 29th September 2010
  • The government has announced the introduction of its national insurance contribution holiday for start-up firms in certain areas of the UK.The scheme, which was first outlined by the Chancellor in the June Budget, took effect as from 6 September.Under the...
  • Cable due to detail government's plans for business

  • 03rd June 2010
  • Vince Cable will give more details of the government's plans to help UK businesses grow when he makes his first major speech on Thursday.The business secretary is expected to outline tough proposals to get banks to increase their lending to small and medi...
  • What does the Budget mean for your business?

  • 26th March 2010
  • The 2010 Budget delivered some unexpected initiatives for entrepreneurs and is a step in the right direction. Although the £2.5bn one-off growth package to help small business, promote innovation, investment in national infrastructure and key skills...
  • Oil price rises after Opec holds its output quota

  • 26th March 2010
  • The Organisation of Oil Exporting Countries (Opec) has agreed to keep to its existing oil output quota. The decision was widely expected but nonetheless sent the price of the UK benchmark, Brent crude oil, up by 72 cents to $81. 25 a barrel.US light sweet...
  • Making money in the property market

  • 26th March 2010
  • It has been a tough couple of years for people trying to earn a living in the property market.The slump in home sales that followed the onset of the credit crunch and the recession led to widespread job cuts among house building firms and saw thousands of...
  • Budget 2010: Darling aims to help UK business

  • 26th March 2010
  • Chancellor Alistair Darling has unveiled in his Budget a package of measures designed to help UK business. To aid what he calls "fledgling businesses", as well as existing ones, business rates will be cut for one year from October.And, to "...
  • UK credit rating viewed as safe

  • 16th March 2010
  • The credit ratings of major AAA governments, including the US and the UK, are well positioned, says Moody's Investors Services.Moody's released a report on the financial position of major AAA rated governments.This includes the four largest - Germany, Fra...
  • Employment drops 1.9% since 2008

  • 16th March 2010
  • Businesses in the UK took a flexible approach to reducing labour costs in the recession, according to data released by the Bank of England.This approach meant that the rate of redundancies was much milder than the steep drop in national output, as firms i...
  • SMEs warned over handling of redundancies

  • 16th March 2010
  • Small and medium-sized business owners have been warned over how they handle redundancies, with over a third of ex-employees telling more than ten people about their treatment, according to data released by recruitment website Careerplan4.me.The data also...
  • Small firms confident about UK economy

  • 16th March 2010
  • Over three-quarters of small and medium-sized businesses expect GDP growth to stay at the same level or increase over the next six months, according to the latest HSBC Global Small Business Confidence Monitor. The monitor also reveals that 25% of small fi...
  • Mortgage overpayments encouraged by Lloyds

  • 16th March 2010
  • Lloyds Banking Group is encouraging its borrowers to pay off their mortgages early. Customers on variable rate deals can, for one year, overpay their mortgages by up to 20% of their loans.Ultra-low interest rates mean UK households have saved about £...
  • US bank regulation bill due to be unveiled

  • 16th March 2010
  • A new bill to tighten regulation of US banks is due to be unveiled on Monday, but it is unclear if it will succeed in gaining Senate support. The legislation is being presented by Democratic Senator Christopher Dodd, chairman of the Senate Banking Committ...
  • Eurozone industrial production grows strongly

  • 16th March 2010
  • Industrial production in the 16 countries that use the euro increased by much more than expected in January. The 1. 7% growth between December and January was the largest monthly jump since Eurostat started producing the data in 1990.The increase fuels ho...
  • Project offers business trial run

  • 16th March 2010
  • Unemployed people are being given the chance to set up in business whilst still receiving benefits. The scheme allows participants in Anglesey and parts of Gwynedd to work up to 16 hours a week.Any extra money earned is then invested back into the busines...
  • Bank of England's time-out for quantitative easing plan

  • 08th February 2010
  • The Bank of England has decided against further quantitative easing (QE), the policy designed to stimulate growth in the UK economy. Under QE, the Bank has pumped new money into the economy by buying assets such as government bonds, as a way to boost lend...
  • Q&A: Snow chaos and your rights

  • 06th January 2010
  • Heavy snow and ice are causing problems on the roads, railways and at airports, as hundreds of schools close.So what are your rights if you couldn't get into work or if you are an employer and your staff couldn't make it in?Richard Nicolle, partner in Den...
  • Obama tells US banks to lend more and not oppose reform

  • 15th December 2009
  • US President Barack Obama has told bankers to increase loans to small and medium-size businesses. The president was speaking after a meeting - which he described as "candid" - with executives of some of America's top banks.President Obama said U...
  • Recession tracker

  • 15th December 2009
  • Unemployment in the UK is now 2. 46 million, with the jobless rate at 7. 8%, slightly lower than last month when it hit the highest level since mid-1995.The number of people claiming unemployment benefit rose by 12,900 in October to 1. 64 million - the hi...
  • Households' fortunes 'mixed' in recession

  • 15th December 2009
  • Householders' disposable income has dipped sharply in the downturn but low interest rates have saved many from debt problems, a report suggests. A safety-first attitude to savings was inspired, in part, by a fear of redundancy, the survey for the Bank of ...
  • New orders boost for Scottish businesses

  • 15th December 2009
  • Business in Scotland is growing at its fastest pace for 26 months, according to a purchasing survey. The monthly report of about 600 companies showed positive movement in new orders, but the signs of recovery still lag those across the wider UK.The survey...
  • Bank split over stimulus package

  • 20th November 2009
  • Bank of England rate-setters were split three ways about the decision taken earlier this month to pump £25bn more into the economy, meeting notes show. Seven of the nine members of the Monetary Policy Committee (MPC) voted for the £25bn extens...
  • 'Too big to fail' US banking law

  • 20th November 2009
  • A key US House of Representatives committee has voted to give the government the power to take apart banks that are "too big to fail". The bill would give a proposed new council of regulators the right to dismantle firms whose scale could hurt t...
  • Record October rate for UK public sector borrowing

  • 20th November 2009
  • The UK's public sector net borrowing reached £11.42bn last month, official figures have shown.The figure was the highest for the month of October since records began in 1993 and was much higher than economists had expected.The ONS said public sector...
  • Teenage cafe opens for business

  • 17th November 2009
  • A cafe set up and run by young people has opened in a Berkshire borough. The Youth Cafe in Wokingham, for 13 to 19-year-olds was established by a 14-strong teenage committee, backed by the borough council's youth service.The committee, which received a gr...
  • Power failure hits HBOS customers

  • 17th November 2009
  • Halifax customers have been hit by a power failure affecting all branches, cash machines and online banking. The bank said an external power disruption at an IT centre in Yorkshire caused problems to a range of Halifax and Bank of Scotland (HBOS) services...
  • Warning for online money mules

  • 17th November 2009
  • Police chiefs are urging people looking for work during the recession to be alert to online scams that trick them into laundering money. The Serious Organised Crime Agency (Soca) says websites are currently being used to recruit "money mules".Th...
  • Co-op customers attack IT flaws

  • 17th November 2009
  • Customers using the Co-operative bank's online business banking service say it is so bad they are considering moving to another bank. They have complained to Radio 4's Money Box programme of constant problems logging on to the system.When they can access ...
  • New small firms 'need tax break'

  • 17th November 2009
  • Newly established small firms should be given some form of tax exemption for their first year or two of business, a report has concluded. The suggestion is one of 10 core findings in the study produced by the British Library's Business & IP Centre.It ...
  • Firms 'struggle to get finance'

  • 17th November 2009
  • Access to finance remains a problem for small and medium-sized firms, despite the extra £200bn pumped into the UK financial system, a report says. The British Chambers of Commerce (BCC) said a third of the companies it had questioned found access to...
  • House prices will ‘continue to rise’

  • 13th November 2009
  • House prices are likely to keep on rising as sellers are returning to the property market, according to the Royal Institution of Chartered Surveyors (Rics).Rics said that in October the balance of surveyors reporting price rises rather than falls increase...
  • UK unemployment rises by 30,000

  • 13th November 2009
  • The amount of people unemployed in the UK rose 30,000 in the three months to September, the lowest rise since May 2008, according to data released by the Office for National Statistics (ONS).Unemployment now stands at 2.46m and the number of people claimi...
  • Swine flu putting strain on firms

  • 13th November 2009
  • Small businesses are facing mounting employee absences due to a rise in staff that are being hit with infections, according to data released by leading absence management provider Active Health Partners (AHP).The AHP's data reveals that the incidence of a...
  • BOE: 'interest rates may rise'

  • 13th November 2009
  • Interest rates may be increased next year and quantitive easing (QE) could be removed, according to Mervyn King, the governor of the Bank of England.The Bank of England's Inflation Report predicted that Britain will recover faster than anticipated from th...
  • UK recovery 'only just starting'

  • 13th November 2009
  • The UK economy has "only just started" along its road to economic recovery, according to Bank of England governor Mervyn King. In its latest inflation report, the Bank indicated it would be late 2011 before the UK economy recovered to the level ...
  • Irish pass bad bank rescue plan

  • 13th November 2009
  • The Irish parliament has approved legislation to establish a "bad" bank to absorb problem loans in the country's troubled banking sector. The National Asset Management Agency (NAMA) will have 54bn euros ($80bn; £49bn) to buy bad loans from...
  • Lloyds announces 5,000 job cuts

  • 12th November 2009
  • Lloyds Banking Group is to cut 5,000 more jobs by the end of next year as it continues to reduce overlap following its merger with HBOS last year. Some of these cuts are temporary staff, but Lloyds said 2,600 permanent jobs would be lost in the UK.Most of...
  • Management accounts

  • 04th November 2009
  • Many firms regard management accounts as an essential way of organising important information about the running of the business.Although businesses tend to prepare management accounts in slightly different ways, there are a number of areas which accounts ...
  • VAT do's and don’ts

  • 04th November 2009
  • DO keep a monthly record of your turnover - late registration can result in severe penaltiesDO notify your local HM Revenue & Custom's office when major changes take place - changes must be notified within thirty daysDO retain records for the last six...
  • Paper VAT returns on their way out

  • 04th November 2009
  • Filing VAT returns on paper should be a thing of the past as from 2012.HM Revenue and Customs (HMRC) announced the phasing out of paper VAT returns earlier in the year.The phasing begins on 1 April 2010 when every VAT registered firm with an annual turnov...
  • Tax changes would help support economic recovery

  • 04th November 2009
  • The Chancellor has been urged ahead of his pre-Budget Report to introduce changes to the tax system as a way of helping to stimulate economic growth.In its pre-Budget Report submission, the CBI argued that a series of short-term tax and regulatory measure...
  • Debt management under spotlight

  • 04th November 2009
  • A watchdog is to put the largely unregulated UK debt management industry under the spotlight to ensure fair treatment for customers.Cases of misleading advertising and poor debt advice have prompted the review by the Office of Fair Trading.Companies in th...
  • House prices higher than a year ago

  • 04th November 2009
  • House prices in the UK were higher this October compared to the same month last year - the first annual rise for 19 months -according to data released by the Nationwide.Property prices were 2% higher this October than the same month in 2008, meaning that ...
  • New postal strike dates announced

  • 04th November 2009
  • Small business owners have been warned that on Friday the 6th and Monday the 9th of November there will be more postal strikes.Unlike the current strikes, which have involved members in different roles striking on different days, the two new dates will be...
  • UK economy contracts 0.4%

  • 04th November 2009
  • The UK economy contracted by 0.4% between July and September, meaning that the country is still in recession, according to figures released by the Office for National Statistics.This is the first time that UK gross domestic product has contracted for six ...
  • Why your firm should be using social networking

  • 04th November 2009
  • In the last decade the internet has become ubiquitous with business. It is now unheard of for any small company that wants to taken seriously to not have a professional looking website. All indications are that this is the way that social networking is go...
  • Tougher scrutiny for home loans

  • 19th October 2009
  • Borrowers face a mortgage affordability test from lenders amid plans by the Financial Services Authority (FSA) to step up the regulation of home loans.Self-certification mortgages will be banned under the proposals with lenders required to verify borrower...
  • Business Link: 'Customer care is all important'

  • 17th July 2009
  • Finding out exactly what makes customers buy and how these habits change is the key to taking your company forward, says Ganesh Selvarajah of Business LinkFor all businesses, however large or small, customers are key. At a time when the economy is shrinki...
  • James Caan: ‘My advice for small business owners'

  • 17th July 2009
  • Top business advice from Dragon and serial entrepreneur James CaanDragons' Den star, CEO of private equity firm Hamilton Bradshaw and entrepreneur James Caan offers top tips on the business issues that all small firm owners must get right.Preparation:&quo...
  • Peter Jones: 'Why you must build up contacts'

  • 17th July 2009
  • It’s worth keeping hold of every scrap of paper or business card with someone’s contact details on as you never know when you’re going to need them, says Peter JonesI'm not a great fan of online networking sites. In principle they are a ...
  • General Motors 'exits bankruptcy'

  • 10th July 2009
  • General Motors (GM) has emerged from bankruptcy after signing a deal allowing it to sell its best assets to a "new GM", reports say.News agencies, quoting unnamed sources, reported that the US government and GM signed the documents at 1030 GMT, ...
  • House prices decline again in May

  • 26th June 2009
  • House prices in England and Wales fell slightly again last month, according to figures from the Land Registry.The average house price in May fell by 0.2% from April to £152,497, while the annual rate of decline was 15.9%.This was a slight slowdown o...
  • Bank says banking crisis easing

  • 26th June 2009
  • The Bank of England says conditions in the financial system are easing, although the banking system is fragile and vulnerable to disruption.In its Financial Stability Report, it said the total losses from the financial crisis reached $15tn (£10tn).H...
  • Stress is costing UK economy 'more than 1970s strikes’

  • 26th June 2009
  • Stress among UK workers is costing Britain's economy more than the strikes of the 1970s did, according to research conducted by Warwick University.The rising level of employee stress is leading to 13.5m working days being taken off a year, severely damagi...
  • 60% of companies ‘freeze staff pay’

  • 26th June 2009
  • 60% of businesses in the UK plan to freeze pay or negotiate pay cuts with staff, according to a new employment survey by the Confederation of British Industry (CBI) and recruitment group Harvey Nash.The survey of more than 700 companies also revealed that...
  • Fraudsters turn to takeover scams

  • 26th June 2009
  • Scams in which criminals take control of someone else’s bank account or credit card are on the increase, the UK’s fraud prevention service has said.According to CIFAS, instances of takeover fraud have risen by 75 per cent over the last 12 mont...
  • UK public borrowing reaches £19.9bn in May

  • 19th June 2009
  • UK public sector net borrowing reached £19.9bn in May, according to data released by the Office for National Statistics (ONS).This is the biggest figure since the ONS records began in 1993 and means that public sector borrowing has already reached &...
  • How firms can cope with recession

  • 15th June 2009
  • The economic climate is bleak for many small firms These are undeniably tough times for the UK's small and medium-sized enterprises (SMEs).With the recession continuing, many of the country's more than four million SMEs continue to have a fight on their h...
  • UK 'to recover slowly from 2010'

  • 15th June 2009
  • The UK economy is stabilising but it will not be until early next year that a "slow and gradual" recovery will begin, business leaders have said.The economy will contract by 3.9% over 2009 before seeing a return to growth of 0.7% next year, the ...
  • UK's economy 'the best in Europe'

  • 15th June 2009
  • The UK is in the best shape out of all the economies in Europe, according to a leading economist.Paul Krugman, who won the 2008 Nobel prize for economics, said that the UK's economic policies had been "pretty good" and called them "intellig...
  • BBC 'in talks' with Sir Alan over new government job

  • 15th June 2009
  • The BBC is engaged in talks with Apprentice star Sir Alan Sugar over his new government role to ensure that the channel's impartiality is not compromised.The Conservatives have complained that the BBC's rules state that its presenters must be politically ...
  • Economists predict unemployment will not exceed 3 million

  • 15th June 2009
  • Economists have offered more optimistic predictions over future levels of unemployment in the UK, with the majority now predicting that it will not breach 3m.Until recently the consensus had been that the jobless total - currently 2.2m - would reach aroun...
  • Industrial growth rises for first time in over a year

  • 15th June 2009
  • The UK experienced its first growth in industrial output for more than a year in April, according to official figures released by the National Institute for Economic and Social Research (NIESR).The economy grew by 0.1% in May and 0.2% in April after contr...
  • New ruling means workers will accrue holiday while on sick leave

  • 15th June 2009
  • Employees on long-term sick leave will be entitled to take all holiday that they have accrued when they return to work, the House of Lords ruled yesterday.Small business owners have criticised the ruling, which means that someone who had been on sick leav...
  • House prices increase 2.6%

  • 04th June 2009
  • UK house prices increased by an average of 2.6% in May compared to April, according to the latest survey from the Halifax.This rise follows three successive months of falling property prices and means that the annual rate of decline has now eased to 16.3%...
  • Consumer confidence hits highest level for six months

  • 04th June 2009
  • Consumer confidence in the UK reached its highest level for six months in May, according to Nationwide's Consumer Confidence Index.The index jumped two points to reach 53 in May, the highest reading since November last year and follows an eight-point incr...
  • Michelle Mone: My business advice

  • 03rd June 2009
  • Michelle Mone, co-founder of MJM International has seen her business expand since the launch of the Ultimo Bra range in 1999 and its lingerie products can now be found in countries all over the world. The entrepreneur offers her advice on the key skills t...
  • How new firms can thrive in the recession

  • 03rd June 2009
  • There is a view that an economic recession provides opportunities for a new generation of entrepreneurs. Richard Branson was recently quoted in the press as saying ‘fortunes are made out of a recession. A lot of entrepreneurs get going in the econom...
  • How start-ups can survive the economic downturn

  • 03rd June 2009
  • It's a tough economic climate at the moment for new and and growing businesses. Online business support service VentureNavigator worked with Doug Richard, a successful entrepreneur with 20 years experience in both in the US and the UK, to produce 6 rules ...
  • Why it's a great time to start a new business

  • 03rd June 2009
  • Those looking to start a business could be forgiven for thinking that due to the recession, this is not the right time and that plans should be put on hold.However, many leading entrepreneurs are arguing that this is actually the best time to start a busi...
  • Managing a business during a recession

  • 29th May 2009
  • Predictions abound as to how long the current economic downturn will last and how heavy the price that UK businesses will have to pay.Whether it is all meant to be over by Christmas or whether the ramifications are to live with us for years to come, it is...
  • Tips to survive the credit crunch

  • 28th May 2009
  • The current economic climate has brought business efficiency and cost-cutting to the top of most companies' agendas. But, while the outlook may seem grim, this could be just the catalyst many businesses need to seek out new opportunities.  "...
  • Over 50% of complaints against financial firms upheld

  • 28th May 2009
  • Over half of businesses and individuals that complained against financial service firms in the last year were awarded compensation by the Financial Ombudsman Service (FOS).The FOS found in favour of consumers a record 57% of the time, with this percentage...
  • Only 27% of small firms credit checking new customers

  • 28th May 2009
  • Only 27% of small and medium-sized companies in the UK are credit checking new customers, according to research by Cattles Invoice Finance.Unpaid invoices and a lack of cash flow are two of the main problems experienced by small businesses at the moment, ...
  • Rising staff stress threatens businesses productivity

  • 28th May 2009
  • Small business owners have been warned that if they do not address the increasing stress levels of staff then their company's productivity will suffer.Recent research by Investors in People and YouGov has found that 38% of employees in the UK say that the...
  • UK retail sales rise by 0.9% in April

  • 22nd May 2009
  • UK retail sales rose by 0.9% in April compared to March, according to official figures released by the Office for National Statistics (ONS).This sales increase is almost double analyst expectations, and backs up recently released figures by the British Re...
  • Men are twice as likely to start new business than women

  • 22nd May 2009
  • Women are only half as likely to start their own business as men, according to new research by the Women's Enterprise Task Force (WETF).The research also found that by the time new businesses have been established for two years and set on a growth path, j...
  • 90% of small businesses say government action is failing

  • 22nd May 2009
  • Nine out of ten small and medium-sized companies believe that the government is failing to help their business, according to a survey of more than 2,000 entrepreneurs and business owners by cmypitch.com.Access to cashflow was the most commonly cited issue...
  • Small firms warned to 'not reply' to new HMRC texts

  • 22nd May 2009
  • The HMRC's new contact system has been criticised as leaving small business owners open to potential fraud. Two weeks after warnings were issued regarding identity thieves scamming taxpayers by claiming to be from the HMRC, the Revenue has announced that ...
  • Recession sparks new business ideas

  • 19th May 2009
  • Disney, McDonalds, Burger King, Procter and Gamble, Johnson and Johnson, Microsoft - what do they all have in common? They all started during a recession or depression.The message, delivered to around 40 would-be entrepreneurs at a workshop in Stratford, ...
  • UK inflation rates fall again

  • 19th May 2009
  • Inflation in the UK slowed in April as energy and food prices continued to decline, according to figures recently released by the Office for National Statistics.The Consumer Prices Index (CPI) fell to 2.3% from 2.9% in March and the Retail Prices Index (R...
  • Corporate data theft doubles in the last two years

  • 19th May 2009
  • Small businesses are being warned to protect their data following recent research by law firm Mishcon de Reya and KPMG revealing that corporate data theft cases doubled in the UK between 2006 and 2008.The research discovered that in 70% of cases the data ...
  • Small businesses owed £10bn in outstanding payments

  • 19th May 2009
  • Small companies in the UK are owed £10bn in outstanding payments, according to a report by Barclays Local Business.The report reveals that on an average day small businesses are left £2,440 out of pocket as a result of suppliers or customers f...
  • Company liquidations rise over 50% in a year

  • 19th May 2009
  • Small businesses are being warned that they must introduce more effective debt collection procedures, following new figures revealing that company failures have increased 56% since last year.Debt recovery law firms are also reporting an unprecedented jump...
  • Mortgage approvals increase by a third in March 09

  • 17th May 2009
  • Home buyer mortgages increased by almost a third in March, according to figures released by the Council of Mortgage Lenders (CML).31,000 mortgages were completed in March - up 29% from February's 24,000 - and first-time buyers accounted for 40% of all loa...
  • Small firms wasting £7bn on unnecessary IT equipment

  • 17th May 2009
  • Small businesses in the UK are wasting more than £7bn on unnecessary IT equipment, according to research by online storage specialist humyo.com.Ignorance of new technologies is driving many small firms to invest in traditional server technology in t...
  • Jobs market will 'bounce back'

  • 17th May 2009
  • Despite recently released official data showing that unemployment has risen more steeply than in the recession of the 1990s Britain's jobs market is likely to bounce back sharply, according to the Institute for Employment Studies (IES).Figures from the Of...
  • UK unemployment rises to 2.2 million

  • 12th May 2009
  • The number of people out of work in the UK rose just under 250,000 to reach 2.2m in the first quarter of 2009, according to figures released by the Office for National Statistics.The country's jobless rate also increased, jumping from 6.75 to 7.1% and the...
  • Obsessive optimism is the key to being a great entrepreneur

  • 12th May 2009
  • Obsessive optimism is the key to being a great entrepreneur, according to a poll by O2.The survey of 500 business leaders found that the most important traits that successful entrepreneurs have are obsessive optimism, enjoyment of responsibility, a desire...
  • Minimum wage to rise to £5.80 per hour from October 09

  • 12th May 2009
  • The government have announced that the minimum wage in the UK for workers over 21 years old will rise by 7p to £5.80 an hour from October this year.The rate for 18 to 21-year-olds will increase by 6p to £4.83 and for 16 and 17-year-olds will g...
  • Stressed staff could cost employers 20m working days

  • 08th May 2009
  • A total of 20m working days could be lost this year as a result of stress related absences from staff, according to new research by workplace consultancy Croner. 13.5m days were lost as a result of stress between 2007 and 2008 in the UK, and a recent surv...
  • UK recession 'worst since 1930s'

  • 08th May 2009
  • The UK recession could be the worst since the early 1930s, a leading economic research body has predicted.The National Institute of Economic and Social Research (NIESR) said in 2009 the country's GDP could contract by 4.3%, and then grow in 2010 by 0.9%.B...
  • New car sales at the lowest level since 1991

  • 08th May 2009
  • The number of new cars sold in the UK fell to the lowest level since 1991, according to figures released by the Society of Motor Manufacturers and Traders (SMMT). UK car sales dropped 24% in April compared with the same month last year and this fall means...
  • Interest Rates held at 0.5%

  • 08th May 2009
  • The Bank of England has held interest rates at 0.5% for the third time in succession. Since October last year the Bank has cut the rate six times, bringing it down from 5% to the current record low. With the historic low rate giving the Bank little room t...
  • Budget 2009 at a glance

  • 26th April 2009
  • Here are the key points of Alistair Darling's 2009 Budget:CIGARETTES, ALCOHOL AND FUEL• Alcohol taxes to go up 2% from midnight - putting the price of the average pint up 1p• Tax on tobacco to go up by 2% from 6pm - equivalent to an extra 7p on ...
  • UK super-rich 'hit in downturn'

  • 26th April 2009
  • The UK's super-rich have seen their wealth fall in the past year during the economic downturn, according to this year's Sunday Times Rich List.The top 1,000 richest people in the country now have £258bn between them, it estimates - down from last ye...
  • Extension of trading loss carry back for businesses

  • 26th April 2009
  • As announced in the Pre-Budget Report the Chancellor has given some relief to businesses suffering from the effects of the recession by allowing current losses to be carried back against profits of the previous three years with consequent tax repayments r...
  • UK economy declined 1.9% in first quarter of 2009

  • 26th April 2009
  • The UK economy declined 1.9% in the first quarter of 2009, according to data released by the Office for National Statistics (ONS).This follows the previous quarter's contraction of 1.6% and means that the UK has experienced the worst six-month decline in ...
  • Over a third of staff would steal company information

  • 26th April 2009
  • Over a third of office workers in the UK would steal company information if the price was right, according to a survey by Infosecurity Europe of 600 employees.Around two thirds of staff think it is easy to sneak information out of their organisation and 8...
  • Are there any signs of recovery?

  • 17th April 2009
  • With the US and the world economy facing economic slowdown, President Barack Obama has said that he sees some signs of recovery. Meanwhile in the UK the Chancellor Alistair Darling is likely to have to revise downward his economic forecast in next week's ...
  • Small firms warned over increase in fraud

  • 17th April 2009
  • Small business owners have been warned to guard against fraud in the recession by The Fraud Advisory Panel (FAP).Reported numbers of fraud have increased against businesses in the UK in recent years and the recession has led to a surge in the number of ca...
  • Small firms are disadvantages regarding public sector contracts

  • 17th April 2009
  • Small and medium-sized businesses are disadvantaged when it comes to winning public sector contracts by complex, expensive and outdated tender processes, according to a new report by House of Commons All Party Parliamentary Small Business Group (APPSBG). ...
  • Quarter of small firms report an improvement in market conditions

  • 17th April 2009
  • More small businesses experienced an increase in demand for their services and products than those that saw this decline, according to a survey by the Forum of Private Business (FPB). In the FPB'S monthly economic survey 26% of small firms reported a rise...
  • UK 'will not recover until 2012'

  • 14th April 2009
  • The UK economy could decline for another year and take a further two years to recover, according to a respected think tank.A National Institute of Economic and Social Research study says the current economic decline is "very similar" to the slow...
  • Mortgage Lending Rises Slightly

  • 14th April 2009
  • The number of mortgages handed out by lenders rose slightly in February but activity in the market remains weak, according to a lenders' group.Loans for house purchases in February in the UK rose to 24,300, up by 4% compared with January, the Council of M...
  • Large Companies are worst offenders for late payments

  • 14th April 2009
  • Over one million small and medium-sized companies are struggling to maintain cash flow levels due to delays or defaults on the payments of creditors' bills, according to a poll by Tenon Recovery.The poll of more than 1,200 entrepreneurs showed that large ...
  • Only 25% of small firms view IT security as a priority

  • 14th April 2009
  • Spending on IT security is only viewed as a priority by a quarter of small and medium-sized companies, according to a report by Redshift Research.The survey highlights how many small companies are not taking IT security seriously enough, with less than ha...
  • Tax breaks 'needed' to boost business investment

  • 14th April 2009
  • The Chancellor is being urged to use the forthcoming Budget to introduce tax measures that will encourage business investment.The EEF, the manufacturers’ group, has said that the Budget needs to prepare the ground for the economy’s eventual re...
  • Staff spend 25% of working day on personal internet use

  • 14th April 2009
  • Employees spend around a quarter of their working day using the internet for personal reasons, according to research by law firm Penunsula.The survey of more than 2,400 staff by the law firm found that workers admitted to spending an average of two hours ...
  • Shoppers deserting High Street

  • 03rd April 2009
  • Consumers continued to desert the High Street in March, a study has found.According to the latest Experian Footfall UK National Index, shopper numbers fell 1.7% across the UK.Wales and the South West were the worst hit regions, with shopper numbers down 7...
  • Surprise increase in house prices in March 2009

  • 03rd April 2009
  • House prices rose in March for the first time since October 2007, according to the Nationwide.The building society said that property prices increased by 0.9% compared with the previous month.That reduced the annual rate of house price falls from 17.6% in...
  • Staggered rise in business rates annonced by Alistair Darling

  • 03rd April 2009
  • Chancellor Alistair Darling has announced that the planned rise in business rates of 5% will be staggered over the course of the next two years and that business will only have to immediately pay a 2% increase."This measure will help businesses to sm...
  • Internet advertising spend increases by 17%

  • 03rd April 2009
  • Advertising spend on the internet rose 17% in the UK last year, according to figures from the Internet Advertising Bureau (IAB).The total amount spent by advertisers on the internet in 2008 was £3.35bn - accounting for one fifth of the total UK spen...
  • Over 850 small firms failed in last quarter due to lack of planning

  • 03rd April 2009
  • Over 850 small businesses that failed in the last quarter of 2008 could have stayed afloat if they had sought expert advice and implemented management initiatives, according to research by Tenon Recovery.The research found that approximately one in eight ...
  • Why your company should consider outsourcing

  • 28th March 2009
  • Advances in IT and communication technologies have created a new and profitable cost model for the provision of high quality outsourced services to the SME market, says Ed van den Berg,Outsourcing of key business processes has been around for years, but u...
  • George Osbourne critises poor economy

  • 28th March 2009
  • Shadow Chancellor George Osborne has said the prime minister will have to explain to world leaders why the UK's finances are in such a poor state.He said Gordon Brown would have to tell the G20 meeting held next week, why the UK has the highest budget def...
  • Internet 'most important tool to help small firms survive recession'

  • 20th March 2009
  • One in five small and medium-sized companies believe that the internet will be the most important tool in helping them beat the recession, according to research conducted by Easynet Connect.The survey of 225 SME IT managers also revealed that 74% of small...
  • Meat factory in Wirral set to close in May 09

  • 20th March 2009
  • The Bromborough factory produces cured cooked meatsA meat processing factory in Wirral will close in May despite attempts by unions to save it and 300 jobs.Managers at Tulip Ltd rejected a union plan to try to save the Bromborough plant saying it could no...
  • Unemployment passes two million mark

  • 20th March 2009
  • UK unemployment has risen above two million for the first time since 1997, official figures have shown.During the three months to January, the number of people unemployed totalled 2.03 million, up by 165,000, said the Office for National Statistics (ONS)....
  • World Economy to Shrink in 2009

  • 20th March 2009
  • The world economy is set to shrink by between 0.5% and 1.0% in 2009, the first global contraction in 60 years.In its gloomiest forecast yet, the International Monetary Fund (IMF) says that developed countries will suffer a "deep recession".The g...
  • Nine in 10 SME's believe good supplier relations are essential

  • 13th March 2009
  • More than nine in ten small and medium-sized companies believe that good supplier relationships are critical in the current economic uncertainty, according to a survey by HSBC Commercial Banking.The survey of 500 SMEs revealed that 91% of respondents thin...
  • John Lewis sees profits fall 26%

  • 13th March 2009
  • Department store group John Lewis has said its profits declined last year amid "deteriorating conditions".The partnership said its underlying profits fell 26% to £279.6m, while sales rose 3% to £6.97bn.John Lewis said sales for the f...
  • Small firms owed over £25bn in late payments

  • 13th March 2009
  • Overdue payments to small and medium-sized businesses in the UK increased by over 40% last year, taking the total that small companies are owed to over £25bn, according to research by Bacs Payment Schemes Limited.The number of SMEs owed money across...
  • 1 in 10 UK Companies have a pay freeze

  • 13th March 2009
  • About one UK company in 10 is freezing pay for staff in an attempt to control costs during the recession, figures released to the BBC suggests.Incomes Data Services (IDS) said firms were also delaying decisions on wages - which "may be covering a muc...
  • Call for freeze on minimum wage

  • 13th March 2009
  • Business leaders have called for the national minimum wage to be left at the current levels in 2009 amid the economic downturn.The British Chambers of Commerce (BCC) said it believed the minimum wage should not be increased until economic situations had s...
  • Almost a quarter of Britons want to start up there own business

  • 03rd March 2009
  • Nearly a quarter of Britons surveyed have ambitions to start their own business, with the most popular choice of new company start-up being an internet-based business, according to a poll of over 2,000 adults by YouGov.Despite the current recession the ge...
  • CBI warning over recession cash

  • 17th February 2009
  • The government will have to borrow £100bn more than anticipated during the recession, the Confederation of British Industries (CBI) says.The figure is among dire predictions it makes about the UK economy in 2009.The CBI says that the economy will co...
  • Laura Ashley in profits warning

  • 17th February 2009
  • Laura Ashley has warned that it will miss its full-year profit target for 2008 due to the slowdown in the economy and its impact on consumer confidence.The weak pound and discounting also contributed to a disappointing year that should deliver pre-tax pro...
  • Chancellor sets RBS bonus limits

  • 17th February 2009
  • Chancellor Alistair Darling has announced that the government is limiting bonuses paid out to staff by the Royal Bank of Scotland (RBS)."We want to see a cultural change where short-term bonuses are replaced with incentives for the long term," h...
  • Lloyds shares tumble after update

  • 14th February 2009
  • Shares in Lloyds Banking Group, the company formed after its merger with HBOS, have tumbled after it said HBOS losses would be worse than expected.Lloyds announced that it expected HBOS to report a pre-tax loss for the whole of 2008 of £10bn, which ...
  • RBS planning up to 2,300 job cuts

  • 10th February 2009
  • Royal Bank of Scotland (RBS) has said it will cut up to 2,300 jobs as it restructures the business.The jobs will be lost from its back office operations across the UK.RBS said it hoped to keep compulsory redundancies "to a minimum", and said tha...
  • Brown 'very angry' about bonuses

  • 10th February 2009
  • Prime Minister Gordon Brown is "very angry" about proposed bank bonuses and wants bankers to consider waiving their right to them, his spokesman has said.He said executives should "consider whether they actually receive" bonuses even i...
  • Former banking bosses say 'sorry'

  • 10th February 2009
  • The former bosses of the two biggest UK casualties of the banking crisis have apologised "profoundly and unreservedly" for their banks' failure.Former Royal Bank of Scotland chief executive Sir Fred Goodwin told MPs on the Treasury Committee he ...
  • Huge Rise In Companies Going Bust

  • 06th February 2009
  • The recession is forcing more firms out of businessThere has been a huge rise in the number of firms going bust in England and Wales because of the recession.The Insolvency Service said that in the last three months of 2008 there were 2,428 corporate inso...