federation of small business

42% of Small Businesses Still Undecided About Brexit Vote

42% of Small Businesses Still Undecided About Brexit Vote

42% of small business owners are still undecided about how they’ll vote in the upcoming EU referendum on June 23, a report by the Federation of Small Business (FSB) has found. Surveying more than 4,000 small companies, nearly half of the respondents claimed they could still be persuaded to change their minds before the polling date. A large number of small business owners said they wanted more information of the economic impact a British exit (Brexit) would have on the UK. 38% cited the need for more detail on the administrative burden of complying with EU regulation, while 33 % argued for the need need more detail on the cost of EU membership. Mike Cherry, FSB policy firector, said: “Our wide ranging research sends a very clear message on what information small businesses want from both o... »

Ineffective Broadband is Hindering Small Business Growth

The Federation of Small Businesses reveals half of the UK’s rural small businesses experience ineffective broadband A survey by the Federation of Small Business (FSB) found that half of the small enterprises located in rural areas are unhappy with their broadband services, with FSB chairman Mike Cherry warning that the issue “threatens the expansion of the £400bn rural economy”. According to the FSB research, only 16% of small firms in the rural UK have access to superfast broadband with 14% of small companies referencing this lack of reliable broadband as the key barrier to their growth. The organisation also fear that the problem will get worse as technological advancements makes online access even more relevant for business success – despite the government’s £1bn initiative to make supe... »

The Federation of Small Businesses Tackles Late Payment Issue with Parliament

The Federation of Small Businesses Tackles Late Payment Issue with Parliament

The Federation of Small Businesses (FSB) co-hosted a meeting with cross-party members of parliament this morning to confront the growing number of poor payment policies that are negatively effecting small and mid-sized businesses. The cross-party parliamentary roundtable took place today (January 20) with the FSB, who co-hosted with the All Party Parliamentary Group for Small Business (APPGSB), arguing the need for the government to evaluate payment issues and for larger corporations to be held responsible for their actions. According to the FBS, poor payment tactics that must be addressed include ‘pay to stay’ flat fees; excessively long payment terms; ‘late payment’ exceeding payment agreements; ‘one for you, one for us’ discounts for prompt payment, and ‘balance sheet bonus’ retrospecti... »

Small Businesses to Restrict Overtime due to EAT Holiday Pay Ruling

Majority of small firms disagree with holiday pay ruling as FSB predict 400,000 businesses will be affected One in 10 small businesses have confirmed they will limit the amount of overtime worked by staff following the Employment Appeal Tribunal’s (EAT) holiday pay ruling, which could affect 295,000 employees. The Federation of Small Business (FSB) predicts that 400,000 small firms will be affected by the new holiday pay rule, with many small firms showing concerns over what this will mean for them financially as employees have the right to back-claim wages under the law.62% of business owners disagree with the ruling according to a Sage survey of 285 small businesses. The research also found that 29% of small enterprises were concerned about the impact the ruling will have on their busine... »

Nationwide Bus Tour Announced in Aid of Small Business Saturday

Tour starts on November 17 and will promote campaign for UK’s independent businesses The organisers behind Small Business Saturday, the national campaign to celebrate Britain’s independent retailers, have announced that they will be running a UK-wide bus tour to promote the event ahead of Saturday 6 December. Launching on November 17, the tour will begin in Leeds and will travel to 13 destinations including Cardiff, Manchester and Birmingham, before arriving at its final destination in Camden on December 4. The second year of the campaign, Small Business Saturday looks to champion small independent businesses across the country and encourages shoppers to show their support by buying goods from local independents on the day. Last year, David Cameron along with senior politicians Ed Miliband... »

Mixed Picture as FSB polls SMEs in Quarterly Survey

The Federation of Small Businesses (FSB) latest ‘Voice of Small Business’ Index — its quarterly survey of confidence among UK small business — reveals that bank funding is still scarce and confidence is falling among many of the UK’s small businesses. Four in ten small firms have been refused credit by high street banks according to the survey. However, more than 50 per cent of respondents said they still plan to grow their businesses over the coming 12 months. But the proportion of firms looking to grow rapidly shrank from 10.9 per cent in Q1 to 7.2 per cent in Q2. The research also shows a tenth consecutive quarter of job cutbacks with a net balance of 3.9% of respondents announcing layoffs. Of 17 industry sectors measured, confidence fell in all but two. Confidence rose mode... »

FSB wants NI and VAT Freeze

FSB wants NI and VAT Freeze

Freezing National Insurance Contributions (NICs) and suspending VAT increases must be priorities for the next Government to help small firms out of the recession, the Federation of Small Businesses (FSB) has said. Launching its 2010 manifesto (149k PDF) to coincide with the run-up to the general election, the FSB has made several recommendations which it says will help small firms create jobs, get access to finance, innovate and set up new businesses. One of the key proposals is a shake-up of the current payroll tax regime, including a freeze on NICs and a rebate for firms taking on new staff over the next two years. “Two critical areas for small firms are job creation and broadening access to finance,” said an FSB spokesperson. “Small businesses hold the key to tackling ... »

FSB Budget Submission

Budget 2008 Stirs FSB

The Federation of Small Business has published its Budget Submission ahead of the 2008 Budget next week. »