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:
- Entrepreneurs demand VAT threshold hike to help them through the recession: Two of the UK’s biggest online communities of entrepreneurs are supporting a campaign for the government to increase the VAT threshold to £100,000 as one way of helping small business owners cope with the economic downturn.
- Small software firms receive support in north-east: A £2.1 million investment in Wearside will support more than 70 small firms in the north-east’s software sector.
- The under 30s building business empires: Alistair Darling hailed Britain’s young entrepreneurs as potential saviours of the economy at the Daily Mail Enterprising Young Brits awards
- We’ll make it through, say 66% of firms: Despite the recession, small businesses are surprisingly resilient, with a fifth expecting to grow over the next six months.
- Firms set out for the survival Budget: With the past financial year being one of the most difficult on record for small businesses in particular, what help can firms expect from the Budget?
- Ford faces tax bill for unsold cars: A court ruling has thrown into doubt a company’s right to reclaim VAT relating to goods that it later repossessed. The ruling could undermine the usefulness of businesses retaining the right to repossess goods they supply to other businesses.
- Go-between needed to reconnect banks and business, says FSB: Small businesses need a go-between to help rebuild ailing relationships with the banks and revive the flagging economy, latest figures from the Federation of Small Businesses (FSB) show.
- FPB: Business confidence rises: Business confidence is returning to UK companies, research from the Forum of Private Business (FPB) finds.
- Small signs of recovery must be nurtured in 2009 Budget, warns business lobby group: Following research showing some small businesses are beginning to experience an improvement in market conditions and the availability of credit, the FPB is urging the Government to put in place a strategy in next week’s Budget to nurture economic recovery by boosting business and consumer confidence
- Support required now for more small businesses to win government contracts: Proposals designed to help more small businesses win government contracts should be prioritised in the forthcoming Budget, the FPB is arguing.
As always this list is not exhaustive, but I hope it will give you a little overview. — ST.