Business development

Credit rating 'problems' for smaller businesses

Well over a half of the UK’s smaller firms have credit ratings that could adversely affect their ability to raise finance.

Employers looking to freeze pay

Over a half of employers are planning to keep wages on hold during the next round of pay talks, a new survey has indicated.

Business lending sees record drop

Many firms are still experiencing the effects of the credit crunch, with business lending suffering its biggest drop in nine years.

Businesses asked for their views on access to finance

The government wants to hear from SMEs about the difficulties they are facing when it comes to securing growth capital.

Calls for VAT rise to be pushed back

Businesses are unhappy over government plans to stick to its original timetable on the return to the old standard rate of VAT.

Small businesses less expensive to run

The cost of running a small business has fallen for the second successive quarter.

VAT accounts for almost half of delayed business taxes

Firms have delayed paying £1 billion of VAT after reaching agreements with HM Revenue and Customs (HMRC) under the Business Payment Support Service.

SMEs encouraged to consider export markets

Smaller firms should look seriously at exporting as a way of combating the economic downturn.

Businesses reschedule £2.5 billion in tax payments

The amount of tax which small firms have asked to delay paying under the government’s Business Payment Support Service has risen to £2.5 billion.

Publicly funded small business scheme under review

The government has set up a review to examine whether a publicly backed venture capital fund is needed to help small, high growth firms with their financing.

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