Sentiment among SME manufacturers was stable for a second successive quarter in July, though this represents a relative improvement compared with the sharp declines seen 2022 and in early 2023, according to the CBI’s latest SME Trends survey. Output declined for a fourth successive quarter in the three months to July. Total new orders also […]
One of Britain’s leading restructuring and recovery experts has forecast a ‘grim outlook’ for British businesses as liquidations reached new record levels today. Colin Haig, partner and national head of restructuring at UK top 10 accountancy firm Azets, reacted to the latest government statistics on new company insolvencies in England and Wales for Q2 2023 […]
The latest car and van production figures out this week show an auto industry finally getting back on track after the tough Covid years, helping meet pent-up consumer demand as manufacturers were increasingly able to manage global supply chain challenges – notably the shortage of semiconductors. Car production grew 11.7% in the first six months, […]
The UK construction industry is experiencing a severe labour shortage, with almost two-thirds (63%) of UK trades struggling to fill roles this year, according to leading find-a-tradesperson platform, Rated People. New research from the trades platform reveals UK tradespeople are also looking to leave the country to find work abroad which could make the situation […]
Viva Wallet, a leading European cloud-based neobank, now enables UK merchants to seamlessly and securely accept in-person contactless payments with Tap to Pay on iPhone and its Viva Terminal iOS App. Tap to Pay on iPhone accepts all forms of contactless payments, including Apple Pay, contactless credit and debit cards and other digital wallets, using […]
Be the Business and American Express announce the launch of a partnership to provide support for the UK’s small business community, helping them to improve their productivity and become more resilient to disruption and change. Through the partnership, Be the Business and American Express aims to empower small to mid-sized (SME) businesses by offering a […]
The barriers SMEs face in accessing finance have become clear in the latest data on personal guarantee insurance (PGI) applications for business loans. The Purbeck Personal Guarantee Insurance Monitor for Q2 2023 has recorded the first recorded fall in the volume of applications for insurance for personal guarantee backed loans by small and medium sized business owners. […]
MPs have urged the government to support SMEs by extending the world-leading Enterprise Investment Scheme (EIS) “as soon as possible”. The Report, by the Treasury Select Committee, found that the lack of action by the government thus far is “damaging”. The EIS is a government initiative that funnels private investment into early-stage start-ups. Along with […]
A new report by IBM Security has revealed that the average cost of a data breach for UK businesses is £3.2m. While not being in the top five countries for most expensive data breaches, the UK comes close, ranking sixth overall. The cost of a UK data breach is slightly higher than the worldwide average […]
A survey of 508 business leaders and senior decision-makers has revealed that over half have had to adjust their reinvestment strategies due to aspects such as inflation and energy costs. The cyclical investment of funds into business is one of the major methods of influencing growth and increasing revenue. However, with the current global economic […]
