Chancellor George Osborne

70% of the North’s Small Firms Don’t Believe in ‘Northern Powerhouse’

70% of the North’s Small Firms Don’t Believe in ‘Northern Powerhouse’

70% of small businesses in the North don’t believe George Osborne will create a ‘Northern Powerhouse’, according to a report by MarketInvoice and Censuswide. The survey of over 1,000 small firms found that over half (56%) of small business owners believe that the government is not genuinely committed to increasing investment in the Northern region. When asked if the chancellor of the exchequer had done enough to support them, only 4% of business owners said he had. New initiatives for the ‘devolution revolution’ announced during the Budget 2016 included £60m dedicated to the development of the new High Speed 3 (HS3) rail link between Manchester and Leeds, £75m to develop plans for a new trans-Pennine road tunnel and £20m a year of new funding dedicated to schools in the Northern Powerhouse... »

37% of Small Businesses Felt No Positive Impact From Osborne’s 2015 Budget Initiatives

37% of Small Businesses Felt No Positive Impact From Osborne’s 2015 Budget Initiatives

More than one in three (37%) small businesses don’t believe that the initiatives introduced by George Osborne in last year’s budget had an impact on their business, a report by MarketInvoice has found. The survey of 1,000 small enterprises found that just 36.5% believe their fortunes improved from the chancellor’s 2015 measures and only 6% of business owners said they had “improved a lot.” What’s more,only9% of the business owners surveyed said they believed the chancellor had done enough for small business in the UK. Osborne’s pledge to establish new enterprise zones (67%) and set the annual investment allowance at £200,000(63%) were the measures cited by businesses as having had the least impact. 27% said they believed the national living wage had the biggest effect on their business, wh... »

Small Businesses Losing £275m in Unclaimed NIC

9% of small businesses are unaware of eligibility for annual £2,000 National Insurance rebate and further 2% haven’t bothered to claim A recent study revealed that one 10th of small and mid-sized businesses are missing out on an annual £2,000 Class 1 National Insurance Contributions (NIC). An estimated 1.25 million employers are eligible for the rebate but the study, released by Sage, found that 9% of small firms have not checked if they qualify and 2% have just failed to make a claim. This 11% of small and medium firms could be missing out on a total of £275m. The £2,000 is part of the Employment Allowance rebate, which launched in April by Chancellor George Osborne as part of the 2013 budget. The process of claiming back NIC is a straightforward process with all businesses who have appli... »

Bank Ranking Site for Businesses Launched

Banking transparency promised following launch of government supported site, Business Banking Insight, with firms rating experience, service and products A site enabling small and mid-sized businesses to compare banks and rate the service they experienced has launched. Supported by small firms’ campaigning group Federation of Small Businesses (FSB) and the British Chamber of Commerce (BCC),Business Banking Insight (BBI), is the result of an independent survey of 5,000 businesses, identifying 74 different bank brands, and uses a five-star rating system to rank them. The website, which went live on May 28th, enables users to filter results depending on specifics such as number of employees and location – to support the different needs and attitudes of every business. A new survey will be con... »