Major banks across the UK are in talks about setting up a small business fund to provide cashflow in the small to medium term to small businesses. The proposed fund would be run by a new body and it would operate away from the everyday runnings of the major UK banks. Details surrounding this fund [...]
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Coalition speeds up changes to help small businesses find equity finance
Mark Hoban MP, Financial Secretary to the Treasury has announced that two deregulatory amendments to the EU Prospectus Directive have been brought forward to a year early in the UK in order to help small businesses to gain equity finance cheaply and quickly. Small and medium sized businesses will be able to raise equity finance [...]
Government promises to cut red-tape
Vince Cable has announced today plans to cut or remove totally 160 regulations. Business Secretary Cable explains “We have to roll back the number of rules and regulations that our businesses have to deal with if we are to create the right conditions for sustainable economic growth. We have heard these promises by successive governments [...]
Small businesses claim red-tape is costing them up to £16.8 billion a year
The Forum of Private Business (FPB) conducted research and found that the UK is “heading in the wrong direction as far as reducing regulation for small business owners is concerned”. Administrating tax was found to be the top burden in 2010, costing businesses £5.1 billion, with employment law closely behind with £4.2 billion. Third was [...]
Cheques are here to stay
The Payments Council has made a U-turn on their decision to abolish cheques. Small businesses can continue to make and receive payments using cheques. Previously it had been planned that by 2018, cheques would have been phased out as a payment method but after a large number groups expressed their concern at this prospect the [...]
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