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:
- Holiday in the UK to boost small businesses and the economy says business lobby group: The Forum of Private Business (FPB) is campaigning to promote tourism in the UK by encouraging cash-strapped holiday-makers to explore the diversity available on their doorsteps this summer.
- Improvements in bank lending for some small firms boosting business confidence: Confidence is slowly returning to small businesses, despite their cash flow being hit by falling sales, late payments and spiralling costs, a survey carried out by the FPB suggests.
- SMEs see ray of hope: A large proportion of small businesses believe the worst of the recession is behind them.In a poll conducted by SmallBusiness.co.uk, more than half said that trade was starting to improve or had begun to plateau.
- Regulations ‘harming British companies’: There is little communication between European Union (EU) and UK regulatory systems for businesses, with the volume of new legislation reducing the competitiveness of firms, says the British Chambers of Commerce (BCC).
- Retirement? It’s a dream says bosses: Retirement is an increasingly distant prospect for many small business owners as they struggle to survive the recession
- Late payers create a £10bn crisis at firms: The culture of late payment has become an increasing burden for small businesses, with outstanding payments totalling more than £10 billion, an increase of £1.7bn on a year ago
- Put small business first in Local Elections: The Federation of Small Businesses (FSB) is urging prospective councillors to put small businesses at the heart of their campaigns and remember they play a vital role in fighting the recession.
As always this list is not exhaustive, but I hope it will give you a little overview. — ST.