Small Business Owners: What to expect from 2011

James Wilson, Marketing Director at XLN Telecom, looks ahead to the pitfalls and opportunities of the new year. A new year looms ahead and quite naturally every business owner begins to wonder what lies in store for them over the next 12 months. Of course, short of a working crystal ball with a de-misting feature such predictions are tricky. Nevertheless, certain changes to the economy are likely to affect pretty much every business owner in the coming year: Squeezed by your suppliers RPI price inflation is at 4.7% which means your suppliers are likely to want to increase their prices to protect their margins. In certain sectors such as food or transport, price increases may be even higher. You need to start factoring in these increases as soon as possible and make difficult decisions abou... »

2011 More Challenging for SMEs, say Business Groups

The next 12 months are likely to be even more challenging for small firms than 2010, business groups have warned in their New Year messages. The main business groups have also called on the Government to help small firms grow so they can lead the UK’s economic recovery. Forum of Private Business chief executive, Phil Orford, said trading conditions will remain tough in 2011 due to reduced public spending, rising costs and increased late payments. “In 2010 Britain crept out of the recession, but many small businesses will find the year ahead even more challenging as they try to grow, creating the jobs lost in the public sector and driving economic recovery.” “Removing the barriers to growth created by tax and red tape must be a cornerstone of emerging enterprise policies. ... »

Interest Rate Rise Unlikely Until 2011

Interest Rate Rise Unlikely Until 2011

Interest rates are likely to remain unchanged for the next two years and may stay below two% until 2014, the Centre for Economics and Business Research (CEBR) has predicted. The CEBR has forecast that UK interest rates are likely to stay at 0.5% until 2011, as the Government seeks to stimulate the economy by making lending more attractive to borrowers. »