Chancellor Philip Hammond today announced the government’s Spring Budget. In this piece, we summarise how it will impact on small businesses. Economy Hammond noted that there was no room for complacency on the work to balance the economy. He told MPs that while the deficit is down, debt is still too high and productivity remains
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International Women’s Day: JK Rowling most admired British businesswoman
by Ben Lobel • • 0 Comments
The Body Shop founder Anita Roddick and West Ham vice-chairman Baroness Karen Brady make up the top three, in a survey conducted by small business marketing materials provider Vistaprint. Victoria Beckman is in position six (9.0 per cent), while Katie Price takes position nine (3.6 per cent) – one above Hilary Devey. However, the results also expose that
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Brexit ‘significantly’ increases need for government investment say business leaders
by Owen Gough • • 0 Comments
The study of 1,000 senior UK business figures by R&D tax credit consultancy ForrestBrown also finds that 40 per cent of firms will be in a position to increase R&D activity as a result of the government’s proposals, which include an additional £4.7 billion investment (£2 billion a year by 2020) to support innovation. The
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Websites help small businesses grow faster than social media
by Owen Gough • • 0 Comments
New research reveals that having a website will help a business achieve growth far more than having a social media presence. A survey of over 2,000 small and microbusinesses by website provider 123 Reg finds that businesses with a website were 51 per cent more likely to grow than those without. Those that used Twitter were
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Rising costs start to bite as UK SMEs look to tighten their belts
by Owen Gough • • 0 Comments
More than a fifth (22 per cent) of UK SMEs signal rising costs as their biggest concern going into 2017, findings from Bibby Financial Services’ Q4 SME Confidence Tracker reveal. The number of businesses that see rising costs as a significant challenge has doubled over the past 12 months, underlining the impact of a Brexit-driven rise in
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LendInvest publishes a blueprint for government treatment of property SMEs
by Owen Gough • • 0 Comments
LendInvest, the online property finance marketplace, is calling on the government to revise its treatment of small and medium-sized property investment and development companies, and recognise the positive contribution they can make to resolving the UK’s deep-rooted housing crisis. In a new report entitled Starting Small To Build More Homes: a blueprint for better policymaking
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Budget 2017: Tax breaks for SMEs key to PM’s productivity drive
by Owen Gough • • 0 Comments
The government has been urged to make four key changes in the March Budget to encourage SMEs to make long-term investment plans for growth by Funding Options, the online business finance supermarket. Theresa May has often linked investment in business technology to Britain’s long standing productivity problem, and Funding Options says that the Chancellor can
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SMEs fail to receive benefits of sterling depreciation post Brexit
by Owen Gough • • 0 Comments
The number of small businesses planning to expand their UK customer base has risen in the last year, from 42 per cent to 51 per cent, despite the post-Brexit fall in sterling making it cheaper for businesses to export internationally, reveals research by Moore Stephens. Moore Stephens, in their annual survey of owner managed businesses,
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Falling consumer spending and high inflation slowing UK economy
by Owen Gough • • 0 Comments
A fall in consumer spending and high inflation is slowing growth in the UK economy, according to the latest Business Trends Report by accountants and business advisers BDO LLP. The latest report suggests that rising inflation, coupled with stagnating wage growth, is causing a sharp slowdown in consumer spending, leaving the UK economy in need
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Falling consumer spending and high inflation slowing UK economy
by Owen Gough • • 0 Comments
A fall in consumer spending and high inflation is slowing growth in the UK economy, according to the latest Business Trends Report by accountants and business advisers BDO LLP. The latest report suggests that rising inflation, coupled with stagnating wage growth, is causing a sharp slowdown in consumer spending, leaving the UK economy in need
The post Falling consumer spending and high inflation slowing UK economy appeared first on Small Business.