Speculation that big banks to reduce funding to Small business.
One of the established ‘alternative’ lenders to SMEs, iwoca, has published a survey claiming that the main high street banks are expected to further reduce funding for Small businesses.
Government to expand export support for small businesses.
The Government’s trade finance arm, UK Export Finance, is to expand its export support for small and medium-sized enterprises. The target is to reach up to 1000 p.a. by 2029.
Apprentices can out-earn graduates.
According to new analysis, reported by The Telegraph, apprentices can out-earn university graduates. Furthermore they avoid the £45,000 of student debt that graduates can incur.
Police announce plans for £152m anti-fraud website.
James Thomson, chair of the City of London Police Authority Board, has announced plan for a new £152m anti-fraud web site.
The BBB and Innovate UK strengthening their collaboration
Innovate UK and the British Business Bank have signed a Memorandum of Understanding to strengthen their collaboration.
UK firms to seek more ‘friendly’ suppliers.
Around 30% of UK firms plan to find closer (‘friendly’) supply sources as a result of recent increased international tensions.
Company operating profit figures to be standardised by 2027
Companies will be required to publish standardised operating profit figures from 2027
FSB warn about lenders’ use of personal guarantees
the Federation of Small Businesses (FSB) has expressed its concerns over the FCA’s examination of lenders’ increasing use of personal guarantees.
Relief on VAT & rates for thousands of small businesses.
Article on Relief for thousands of small businesses on VAT and rates
Inflation to fall and rates to come down in 2024
Economists predict that inflation will fall below the Bank of England’s 2% target at the start of Q2.
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