UK/Ireland Small Business News Round-up – 23/05/2008

Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from the United Kingdom and Ireland:

  • B2B marketers “considering vertical search”: A number of business to business (B2B) search marketers are focusing on improving their firms’ visibility within vertical search portals, an expert has commented.
  • Lack of insurance in small business: New research commissioned by Insurantz.com has revealed that 29% of small businesses are eschewing business insurance. The unexpected finding means that almost three in ten firms are exposing their customers, staff and business to unnecessary risk.
  • Don’t fear flexible working, small firms told: Entrepreneurs running small businesses should not fear government plans to extend flexible working, an expert has said.
  • FSB calls for Chancellor to share oil tax windfall: The Federation of Small Businesses is calling for the Chancellor to share the tax proceeds of higher than predicted North Sea oil prices with hard-pressed consumers, motorists and small business owners.
  • SME’s Neglecting Suitable Insurance Cover: A survey of SME’s commissioned by Insuranz.com finds that many business owners are not aware what their insurance policies cover, with three in ten of new businesses admitting to having no cover at all.It seems the small business owner considers the insurance question as problematical, being time consuming and complex.
  • Agency Workers Agreement Not Good For SMEs: A deal has been reached between the government and employers, that gives agency workers the same rights as full time employee’s, after 12 weeks. While business secretary John Hutton sees the agreement as “the right deal for Britain”, small business owners are concerned over what they see as an already expensive option to hiring full time staff.
  • bssa blasts lack of Government consultation for Small Business Rate Bill: The British Shops and Stores Association (bssa) reacted with dismay to the government’s announcement that it intends to unilaterally introduce a Small Business Rate Bill in the autumn without further consultation regarding the proper safeguards for retail businesses. Under the Bill, all businesses with a rateable value of over £50,000, will be eligible for the addition tax. As this is a sum which encapsulates many independent retailers operating on the high street it could have huge implications for them.

As always this list is not exhaustive, but I hope it will give you a little overview. — ST.

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