Business development

Wage cuts and freezes in the pipeline

Over half of employers are intending to freeze wages this year, and 12 per cent are planning to introduce wage cuts, according to a new survey.

Hopes that credit insurance scheme will boost cashflow

The government has introduced its trade credit insurance scheme in the hope that it will ease cashflow problems for firms.

Tax relief for loss-making firms should go 'further'

Once profitable businesses that are now suffering losses as a result of the recession were offered some relief in the Chancellor’s Budget.

Short-time working 'deserves' government support

Business groups and unions have called on the government to implement a temporary short-time working scheme across the UK in the forthcoming Budget.

Small firms must have fairer chance sooner to win public contracts

The Chancellor should bring forward plans designed to help more small businesses win government contracts in the Budget, the Forum of Private Business (FPB) has said.

Businesses warned on recession-driven fraud

Fraud is becoming an increasing risk for smaller businesses during the recession.

VAT cut has 'boosted' spending

Last December’s reduction in VAT from 17.5 per cent to 15 per cent has had a measurable effect on consumer spending, a think tank has claimed.

Call for SME asset finance tax support

The Chancellor should use the Budget to provide small firms with greater scope for offsetting profits against money spent on equipment.

Action required to enable firms to retain staff

More needs to be done by the government to help smaller employers hold on to their staff during the recession.

Tax breaks 'needed' to boost business investment

The Chancellor is being urged to use the forthcoming Budget to introduce tax measures that will encourage business investment.

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