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:
- Government must help small business retain staff as well as recruit, says business lobby group: Subsidies for companies recruiting and training extra staff will not go far enough to protect employees and small businesses hit by the recession, the Forum of Private Business (FPB) is warning.
- Entrepreneurs – bourn out of recession: In life and in business, opportunities can be born out of adversity. Those who suddenly find themselves out of job or disaffected by the recession may well take matters into their own hands and decide to follow their entrepreneurial dream.
- Businesses abandoning the banks: New research just published reveals a massive increase in credit refusal for businesses, driving owners to seek out alternative funding options.
- SMEs get payment holiday on rates: Businesses in Scotland have been given the chance to spread the cost of a 5% increase in business rates over the next three years.
- Ruthless Budget leaves public feeling the pinch: Irish people were tonight feeling the pain of one of the most ruthless Budgets in decades after the Government targeted everyone from the young and unemployed to workers and parents.
- Banks let 120 small businesses go under every day: The government claims its Enterprise Finance Guarantee scheme is working but small firms insist the banks are still applying it unfairly
- Flexible working ‘good for firms’: Yesterday’s extension of flexible working rights will provide benefits to companies as well as their employees, the Trades Union Congress suggests.
- Government must take action to save vital rural firms in this April’s Budget: Rural businesses continue to struggle in the recession with over eight in ten seeing costs rise and nearly half seeing a decrease in trade, a Federation of Small Businesses (FSB) poll reveals.
- Recession is a good time to grow business: Though economic forecasts for the year ahead are gloomy, growing numbers of small businesses are taking advantages of opportunities created by the recession to boost their business.
As always this list is not exhaustive, but I hope it will give you a little overview. — ST.