News

Our small business news section covers the latest reports, research, stories and updates on regulations that affect the UK’s small and medium enterprises.

Better Business by Going Green

Small Business Week 2007 The second day of Small Business Week 2007 sees another webinar (web seminar), this time with Molly Webb of The Climate Group, Donna Young, BT’s Head of Climate Change and Martin Brommell from BT’s Local Business organisation. Today, from midday, these experts discuss the subject of small businesses "going green" in the webinar Better Business… when you go green With increasing expectations on green credentials from customers & employees alike, and with Government regulations on environmental issues, many small businesses feel the need to go green, but how? What actions can small businesses take? Are there any business benefits to going green? Watch today’s webinar and find out how. »

Better Business with Mobile Working

Small Business Week 2007 Continuing Small Business Week 2007, Wednesday sees another great web seminar, this time on the subject of mobile working. Today’s seminar is conducted with Andy Hudson, director of BT Local Business, Kevin Moir, director of Business Banking Direct at Royal Bank of Scotland and Vanessa Phillips, MD of OutSec. The seminar, entitled Better business… when your office is wherever you are sees the experts look into the world of mobile working and the fact that nearly 40% of workers are now deemed as "mobile" with as 20% of them working away from the office. »

Better Business with the Right Technology

Small Business Week 2007 There’s been a lot of news recently on the use of technology to empower small business, especially in the field of remote worker & mobile communications. And seeing as it’s Small Business Week this week, today kicks off with the first of the Better Business Web seminars, "Better Business… with the right technology, first time round" This web seminar looks at the importance of technology and finance when first starting a business and the discussion involves Bill Murphy, manager director of BT Business, Matthew Smith, director for business development at the Royal Bank of Scotland and Dr. Mah Hussain-Gambles, owner and founder of Saaf Skin Care. The webinar will look at the challenges that small businesses face and how they can compete... »

Small Business Week 2007

Small businesses are the lifeblood of the UK economy, accounting for 47.1 per cent of UK employment (10.55 million jobs) and 37.2 per cent of turnover (£967.2 billion). Small Business Week 2007 is the first time key organisations representing a range of government, business and independent organisations have come together in partnership to celebrate the country’s 4.3 million small businesses, explore the issues and opportunities they face and champion their cause in highlighting what resources and support structures are available now and what is needed in the future to ensure this community continues to flourish. The week brings together start-ups, home-based businesses and established, growing enterprises with BT Business, the British Chambers of Commerce (BCC), BusinessLink, ... »

Small Businesses Still Need Help in Going Green

Around 85% of the UK’s SMEs have put “going green” firmly on the business agenda during the next five years according to research by ISP Eclipse Internet. The figures suggest that our small & Medium Sized Enterprises are keen to cut their carbon footprint but also require more assistance from the government, saying that there is not enough support for their green business efforts. Having an environmentally friendly business, or at least “doing their bit” to cut down on waste and pollution, is apparently high on the list of priorities for UK small business and already many of them are putting into place measures to cut carbon. Mostly these efforts rely on: 76% of businesses now recycling or intending to recycle 67% of businesses reducing their waste or draw... »

Capital Gains Tax move “Undermines Enterprise”

Small Business News – 11th October 2007 Hot on the heels of the Chancellor’s first Pre-Budget Report comes a response from the Confederation of British Industry (CBI). This morning (Thursday) CBI Director-General Richard Lambert sent an open letter to Alistair Darling, Chancellor of the Exchequor, expressing the business group’s deep concerns over changes to Capital Gains Ta/business-advice/finance-and-money/budget-2013-annual-tax-rates-and-allowances/capital-gains-tax.htmlx as announced in the PBR. The letter chiefly states that the change in Capital Gains Tax… "undermines the 10 year effort by this government to promote enterprise and risk-taking within the UK." Undersigned by a number of members of the CBI including Steve Sharratt, Chairman of the CBI&#... »

More Postal Disruption Ahead

Small Business News – 10th October 2007 Now that postal workers are returning to work after their two 48 hour strikes, the Communication Workers Union (CWU) and the Royal Mail have so far failed to break the deadlock on an agreement over pay & conditions. As the postal system slowly deals with the backlog of mail that has built up over 4 days of striking, it seems that there will be further disruption to postal services before the service has the chance to resume normallity. The latest round of strikes are proposing to see different departments walk out with only 24 hours of industrial action each in order to stagger the disruption. The following dates of industrial action are planned, with the starting times of the 24 hour strike periods: 15 October, 18:00 BST Mail sorting offic... »

Darling’s first Pre-Budget Report

The Chancellor, Alistair Darling, has delivered his Comprehensive Spending Review and Pre-Budget Report, but is there anything within his main points of particular relevance to British business? Firstly, he revised downwards the growth rate of the economy next year from 2.5%-3% to between 2% and 2.5% but expects growth to be around 3% in the year 2009/2010, saying that despite recent worldwide economic events, including increased raw material costs and financial uncertainty, the British economy remains strong. He stated that he intends to simplify the tax system, thereby allowing half a million business to function easier and save businesses £1,000,000 a year, though with no details of quite how he is going to do so as yet. The main rate (full rate) of Corporation Tax (Corporate Tax)... »

CBI Calls for “modest rise” in Minimum Wage

The Confederation of Business Industry (CBI) stated yesterday that there needs only to be a "modest rise" in the UK’s national minimum wage next year. After the Minimum Wage rate increase on 1st October, Britain’s minimum wage has become the third highest in the world after France & Australia. Britain’s wage rise is higher than any other OECD (Organisation for Economic Co-operation and Development) country when the same-period productivity gains are taken into account. Last Monday’s increase to £5.52 an hour has meant that the minimum wage has risen by 53% since its introduction in 1999. By comparison average earnings have grown by just 38.8%. One million British workers are estimated to have received a pay increase last week. The CBI has said th... »

Bank of England Holds Interest Rates

Small Business News – 4th October 2007 The Bank of England has held interest rates at 5.75% despite pressure from some quarters to drop them. Analysts from, amongst others, the Organisation for Economic Co-operation and Development (OECD) and the Ernst & Young ITEM Club had called for interest rates to drop in order to boost the UK eceonomy ahead of an expected slight slowdown in economic growth next year. The Bank of England’s Monetary Policy Committee held interest rates last month too where the figure has remained at 5.75% since the increase in July. After the last interest rate hold, the US sub-prime market crisis hit the American housing market and the Northern Rock banking crash happened here in the UK. As a result of the tougher financial lending conditions and econo... »

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