In response to the Duty to Report regulation coming into force today, research from Bottomline Technologies latest UK Payments Barometer Report reveals that UK businesses are still suffering from unacceptable levels of slow payer ethic, and is warning that large businesses can no longer hide behind process and complexity when it comes to payments. This
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Growth in the service sector continues to rise in 2017
by Owen Gough • • 0 Comments
March data points to a rebound in UK service sector growth, with business activity and incoming new work both rising at the strongest rates so far in 2017. Survey respondents also remain optimistic about the year-ahead business outlook, almost half of the survey panel forecast growth while only one-in-nine expect a fall in activity. However,
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Britain’s small digital businesses defy economic disaster with continued growth
by Owen Gough • • 0 Comments
Despite swirling headwinds and expert predictions of economic disaster, Britain’s small digital businesses are optimistic about their growth prospects this year by a margin of two to one, according to the eBay for Business Index. Almost half (46 per cent) of the small online businesses surveyed are confident about their growth prospects, compared to just
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SME inflation among the highest in eight years
by Owen Gough • • 0 Comments
The average UK small business has seen its basic costs soar by 3.2 per cent in the last year, according to Barclays’ Small Business Cost Index (SBCI), which reveals the true impact of rising inflation on UK SME businesses. However in the current inflationary environment, where costs remain high and businesses continue to feel the squeeze,
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SME owners face a retirement ‘time bomb’
by Owen Gough • • 0 Comments
Small business owners in Britain have unrealistic pension expectations and could be sitting on a retirement ‘time bomb’ unless they change their mindset, according to a new report from the Forum of Private Business (The Forum) and Clifton Asset Management. The report, ‘Pensions and Small Business – Ticking Time Bomb or Hidden Treasure‘, finds that
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UK SMEs not worried about Britains future post – Article 50
by Owen Gough • • 0 Comments
It’s ‘business as usual’ for UK SMEs, following the triggering of Article 50 at the end of March, with just 13 per cent of them expressing concern about the impact it will have on their operation. Despite the events of the 29th March causing upset amongst large City firms, few small business owners are worried about
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Small businesses embrace Brexit Britain in bullish fashion
by Owen Gough • • 0 Comments
Business confidence amongst UK SMEs is on the increase, with just under half expecting sales to increase over the next three months, according to new data from business funder Bibby Financial Services (BFS). In the week that Prime Minister, Theresa May, triggered Article 50 and European Council President Donald Tusk outlined the EU’s strategy for
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Workers on National Living Wage set to grow four times that of typical earners
by Owen Gough • • 0 Comments
Pay for workers on the National Living Wage (NLW) will rise nearly four times faster than for a typical worker over this parliament, according to new Resolution Foundation analysis marking the latest increase of the NLW to £7.50 an hour. Today’s 30p increase means pay for NLW earners is estimated to be 1.5 per cent
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Does your business value you as an individual? Half of Brits remain unhappy at work
by Owen Gough • • 0 Comments
New research conducted by employee services provider Personal Group reveals that almost half of UK workers are unhappy at their job, while 30 per cent of front-line employees never feel enthusiastic about work. The research uncovers some concerning statistics, including that 35 per cent of workers would be happier with greater recognition in the workplace. However, the
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Brexit not good news for media SMEs, research says
by Owen Gough • • 0 Comments
New research from Hitachi Capital Business Finance finds that a quarter (26 per cent) of SMEs in the media, marketing, advertising and PR sector will rely on the EU market (not including the UK) for potential growth in the next 12 months. However, more than half (55 per cent) do not see any opportunities for their businesses as
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