UK/Ireland Small BUsiness News Round-up – 2008/12/12

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:

  • Darling: Banks must go further to help businesses: Britain’s leading banks will come under further pressure to step up lending, especially to small businesses, when they meet the Chancellor, Alistair Darling, and the Business Secretary, Lord Mandelson, today.
  • UK’s biggest companies face late payments code: Lord Mandelson, the Business Secretary, will apply pressure to the heads of some of Britain’s biggest companies tomorrow to get them to speed up payments to small businesses.
  • Lloyds calls for pressure on corporate giants to ease squeeze on SMEs: Lloyds TSB has called on the Government to put pressure on big companies to speed up payments to small businesses and help them weather the economic downturn.
  • Government takes lead in bid to pay small businesses on time: GORDON Brown, the Prime Minister, yesterday urged large companies to speed up payments to smaller businesses during the economic downturn, as the UK government launched a new
  • Viking Direct/Office Depot and WinWeb Announce Exclusive Strategic Alliance to Help Small Business: Leicester / London (UK), December 2, 2008 Viking Direct – part of Office Depot, a leading global provider of office products and services – together with WinWeb, the leading on-demand small business infrastructure provider, announced that they have entered into an exclusive strategic alliance to provide Viking Direct’s small business customers with access to WinWeb’s OnlineOffice™ product.Viking Direct has been granted exclusive rights by WinWeb to offer OnlineOffice™ in the office supplies sector in the UK.
  • Investors call for ‘pre-pack’ charges: The UK government must act to protect small businesses and their insurers from the approach where a company is taken into administration and then immediately sold on, says ABI
  • Banks must respond to SME needs: UK Bank representatives were set to get a grilling today at the Small Business Finance Forum, not just from the government, whose pleading is clearly falling on deaf ears, but also from representatives of the Federation of Small Businesses (FSB).>
  • HSBC announces £1bn SME fund: HSBC Bank has announced that it will make £1billion available to support it’s small business customers in the UK. The Bank says that the funds are part of a £3.3bn global working capital fund for small and medium sized enterprises (SMEs). HSBC is not one of the banks that took part in the governments bail-out scheme, but finds itself as the first of the big players to make it’s intentions towards small business known.
  • FSB to confront bank’s Scrooge-like tactics at finance forum: Around a third of small businesses are still struggling to get affordable credit from the banks despite commitments to lend fairly, according to new figures from the Federation of Small Businesses (FSB).

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

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