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:
- Minister forced to apologise after saying she spotted “green shoots’ of recovery: In hindsight, it wasn’t the smartest thing a minister could have said. Yesterday, as thousands of job losses were announced, the business secretary was trying to sell a rescue package for small businesses and the prime minister was fending off charges of i…
- Labour to guarantee £20bn of loans to small business: The Government is set to guarantee billions of pounds of loans to small businesses in an effort to boost the credit available to companies across the UK.
- RBS fails to pass on full rate cut: The RBS Group has announced that it will only pass on last week’s Bank of England base rate cut to some customers. The banking group, which includes NatWest and the RBS, said those on tracker mortgages and small business with variable rate overdrafts…
- Watch the Video Of The CNBC Power Lunch Interview With WinWeb CEO Stefan Töpfer: Titled ‘Small Business in Trouble’ WinWeb CEO Stefan Töpfer talks about the challenges faced by small business during this recession.
- Bank credit is still the issue say firms after Mandelson’s £11bn deal: Leading business organisations yesterday gave a guarded response to the government’s £11bn loan guarantee package with criticism it did not go far enough to help businesses starved of credit.
- FSB and MP unite to make small business rate relief payments automatic: The Federation of Small Businesses (FSB) is working with a leading MP to pioneer a Private Members’ Bill (PMB) which would see business rate relief granted automatically for small businesses – a vital boost during the economic downturn.
- Government’s small business finance plans a welcome next step: The Forum of Private Business (FPB), which represents 25,000 small and medium-sized businesses across the UK, is calling on the banks to increase lending to business customers without delay, following the Government’s announcement of a scheme to free up funding for small firms. The Secretary of State for Business, Enterprise and Regulatory Reform (BERR), the Rt Hon Lord Mandelson, has unveiled a package of measures to ‘address the cash flow, credit and investment needs of businesses’ by securing bank lending in order to reduce perceived risk. The FPB believes that the measures must form part of a broader economic stimulus in order to protect more small businesses and boost the UK’s faltering economy.
As always this list is not exhaustive, but I hope it will give you a little overview. — ST.