Almost half of firms (44 per cent) believe the UK infrastructure has improved over the past five years, but only a quarter (27 per cent) think it will pick up in the next five years. Two thirds (64 per cent) suspect insufficient infrastructure will hamper the country’s international competitiveness in the coming decades, according to
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Cyber attacks cost UK businesses £34 billion last year
by Owen Gough • • 0 Comments
Cyber attacks cost UK companies more than £34 billion last year according to new research from Beaming. Beaming’s survey shows that the bills for managing malware and data theft incidents amounting to £7.5 billion and £6.2 billion respectively. The report comes after Chancellor of the Exchequer Phillip Hammond released the National Cyber Security Strategy on
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Cash transactions cost UK SMEs £9.4 billion each year
by Owen Gough • • 0 Comments
SMEs are losing £9.4 billion each year through cash transactions, according to new research by Sage. The research reveals that almost a quarter (24 per cent) of business builders say they have been the target of cash theft by a member of staff, 34 per cent admit to losing cash due to human error, while more
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Why we need to be less British to secure investment
by Owen Gough • • 0 Comments
The UK’s angel and early-stage investment community advises new businesses to be ‘less British’ to secure investment, during the UK Business Angels Association’s summit this week. The sentiment from the gathering of over 250 investors and entrepreneurs was that we need to ensure we don’t talk ourselves down post-Brexit; we should celebrate businesses success stories
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High Court Brexit judgement adds to employer uncertainty
by Owen Gough • • 0 Comments
The High Court has today ruled that parliament must be consulted before triggering Article 50. The ruling is a monumental win for campaigners who argued that Prime Minister Theresa May does not have the power to invoke Article 50 of the Lisbon Treaty without MPs’ approval. The decision means that parliament has to be given
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New online lender joins UK finance market
by Owen Gough • • 0 Comments
Two years after its launch, online lender Spotcap is expanding into the UK market, providing flexible funding solutions to small and medium-sized enterprises (SMEs). Spotcap provides SMEs with credit lines and business loans of up to £150,000 through an online application process. While traditional lenders make credit decisions based on historical financials and old-fashioned credit
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SME contributions forecast to hit £217 billion to UK economy by 2020
by Owen Gough • • 0 Comments
SME contributions across the top 10 UK cities are forecast to hit £217 billion to the UK economy by 2020, according to a new study from Hampshire Trust Bank. The research conducted in partnership with the Centre for Economics and Business Research (CEBR), reveals SME contributions to the economy will grow by 11 per cent from 2015
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SMEs call for more international trade support beyond Britain’s borders
by Owen Gough • • 0 Comments
Small businesses in Britain are calling out for more effective support to achieve their international trade ambitions, with nearly three quarters (73 per cent) of would-be exporters held back by a lack of international business experience and knowledge, according to new research. The report from HSBC, titled Exporting for Growth: the SME Perspective, surveyed over 1000
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Courtesy and manners from employers leads to a motivated workforce
by Owen Gough • • 0 Comments
Praise from employers is one of the most effective paths to a motivated workforce, according to research from American Express Small Business Services. According to the research, employees who work for the UK’s small businesses rate praise higher than bonus, (35 per cent compared to 20 per cent) when it comes to what they feel is
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Shops that shun in-store technology risk losing consumer confidence
by Owen Gough • • 0 Comments
Shoppers trust retailers more if they can see modern, in-store technology being used in store, claims research by payments processor Worldpay in collaboration with digital anthropologist Nik Pollinger. According to the research, three quarters (75 per cent) say alarm bells start to ring when a store seems behind the times from a technology point of
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