Government officials have unveiled a new trade plan in the event of a no deal Brexit. The plan states that 87% of imports would be tariff-free, but prices for goods like meat and cars are expected to sharply. We would see a 10% rise in the cost of European cars and a substantial increase in
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Why millions of people want to become self-employed in 2019
by Anna Jordan • • 0 Comments
A massive 2.6 million Brits want to start their own business in 2019, according to research from FreeAgent. Others aren’t quite ready yet. A further 15% say that they want to work for themselves in the next few years and over a quarter (26%) said that they want to start their own businesses but don’t have
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Leaders fume as government fails to secure ‘most’ Brexit trade deals
by Anna Jordan • • 0 Comments
The government told businesses that it can’t guarantee the British economy will be covered by ‘most’ of the EU’s global network of trade agreements immediately after Brexit, according to the Financial Times (FT). The Department for International Trade, who made the admission, caused anger among many executives at a briefing on 6 February. These include
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Small businesses in devolved regions hit harder by government policy
by Anna Jordan • • 0 Comments
Recent government policy has put a heavier burden on small businesses in Wales, Scotland and Northern Ireland than it has on SMEs in London. The Federation of Small Businesses (FSB) carried out research revealing that the cost of regulation and taxes for SMEs increased in all devolved regions and dropped by a small amount in
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Why SMEs are at risk of a downturn
by Anna Jordan • • 0 Comments
The latest SME Confidence Tracker shows that SMEs are at risk of a downturn. Bibby Financial Services (BFS) says that its new data reveals challenges in the face of declining sales and increasing costs as the value of the pound lingers at historically low levels. The independent funder is calling on the government to reassure
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Why high street planning policies need reform in 2019
by Anna Jordan • • 0 Comments
A maths tutoring franchise is urging landlords and planning departments to reform their planning policies to help diversify the high street. Steve Felmingham, Mathnasium’s director of operations, says that local town planning departments, who set their own policies, are archaic and out of touch with consumers. As a consequence, a lot of businesses are prevented
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Glasgow is the UK’s most independent city – does your nearest city rank?
by Anna Jordan • • 0 Comments
Glasgow is the most ‘independent’ city in the UK, according to new research. Liberis, a business finance provider, carried out the study by focusing on the number of local businesses per capita in 20 major cities. The research analysed SIC codes related to restaurants, pubs, newsagents and retail, combining these with a penalty score for
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Small shop owners face challenges of low income and high overheads
by Stephanie Spicer • • 0 Comments
Small shop owners are facing an uncertain time in 2019, with income down, overheads up and growth plans largely on hold. Just 11% of small shops expect to hire staff in 2019 (a fall of four percentage points on last year), and investment planning is down by half, as just 15% will invest in growing
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Over half of small business owners will work on Christmas Day
by Michael Somerville • • 0 Comments
Over half (53 per cent) of small business owners in the UK will be working on Christmas Day 2018, as they feel pressure to outperform competitors and fulfil customer orders. The survey of 501 small business owners, by marketing company Vistaprint found that 63 per cent of those working on Christmas Day would work over
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This is what you should do if you’re in tech and want a people’s vote on Brexit
by Michael Somerville • • 0 Comments
Lobbying group Tech For UK has garnered the support of nearly 100 tech business owners, many of them small businesses, in their call for a People’s Vote on Brexit. The group argues in a letter to MPs that the government’s draft “Withdrawal Agreement and political declaration on leaving the European Union” will not serve the
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