Catagory / SMEs

UK and Scottish governments ‘must back creative industries’

A report from the BBC headlines the recommendations of a Westminster committee that the UK and Scottish governments should work more closely to support the creative industries in Scotland.

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Crowdfunded technology investment to top $8bn by 2020

Total funds raised on technology-based campaigns could see a seven-fold increase, according to a report by Juniper.  

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The Government’s UK Productivity Plan – a strategy without an execution phase – except to convert R&D grants to loans…

UK productivity has been flat since the banking crisis and is now 14 per cent below the level that would have been achieved if pre-crisis trends had continued.   Addressing this, it is hard to disagree with the government’s overall strategic framework for raising productivity. It covers 15 policy areas from long term investment in […]

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New tax law for telecoms – another take from SMEs as VAT cash flow benefits transfer to big business…

In a largely unpublicised change, HM Revenue and Customs (HMRC) introduced “emergency” legislation on 1 February 2016, purportedly to combat the threat of VAT fraud in the wholesale telecommunication sector. The HMRC policy paper was published on 11 January 2016, allowing very little time for affected businesses to plan the introduction, although some dispensation has […]

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Tesco – Grocery Adjudicator’s findings suggest that tough prompt payment regulation is required across all industry sectors…

Back in October last year, Tesco Chief Executive Dave Lewis announced new payment policies, which will see smaller suppliers, who deliver up to £100,000 worth of products in a year, paid within 14 days. Medium-sized suppliers who deliver up to £10 million in product value per year, will have their accounts settled five days quicker […]

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Federation of Small Business Launches Prompt Payment Questionnaire…

Has your business been affected by customers using poor payment practices with you? Research by the FSB in 2015 revealed that almost one in five small businesses had been subject to some form of poor payment tactics. They are looking for small businesses to tell their stories to be used by local MPs in a […]

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Why axe the Business Growth Service…?

“The UK faces a productivity challenge whereby its performance has weakened compared to the rest of the G8 economies. Research demonstrates that small and medium-sized enterprises (SMEs) are a key under-tapped resource for addressing this challenge… We believe the education of high-growth small businesses has a vital role to play in enhancing this enterprising economy” …Michael […]

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Prompt payments to SMEs – Tesco, from poacher to gamekeeper…?

Paying small businesses promptly has been a case of smoke and mirrors for a long time, but there were signs from Tesco this month that perhaps the smog is beginning to clear a little. The groceries code adjudicator Christine Tacon oversees the relationships between the UK’s 10 biggest supermarkets and their suppliers. Earlier this year […]

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Government looks to reduce deficit by swapping R&D grants with interest bearing loans…

It’s breath-taking that the UK government can seek to reduce its own debt burden by transferring that same burden to small businesses – specifically to the most innovative of the UK’s SME sector… Driven by the exchequer’s target to cut the deficit, Innovate UK, under the department of business, innovation and skills (BIS) misguided leadership looks […]

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FSB campaigns against late payments

The FSB has recently written to its members drawing attention to its campaign against late payments. The text of this letter follows:   Research published from the Federation of Small Businesses (FSB) makes clear the scale of the UK’s payment problem and The Federation of Small Businesses sees the Government’s proposal for a Small Business […]

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