Giant Government contractors are flouting a rule that obliges them to pay suppliers promptly, stifling small companies’ growth and, in some cases, putting their survival at risk.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Exit sales stall as entrepreneurs play safe
Entrepreneurs are finding it harder to sell their businesses as continued economic uncertainty inhibits investors.
Lord Young to launch nationwide bus tour
Lord Young is to launch month-long bus tour designed to inspire the next generation of entrepreneurs
Global Entrepreneurship Week at the British Library
The British Library will stage an action-packed week of activities during Global Entrepreneurship Week 2012 (12-18 November), focused on providing SMEs with everything they need to know about how to sustain and grow their business.
Debt reduction could hit growth for years, says Lord Turner
The head of the Financial Services Authority has suggested that it may be time for more unconventional policies to revive Britain’s stagnant economy.
FTSE 100 firms attacked for payment code failure
Some of Britain’s biggest companies have been criticised for a “selfish attitude” and “lack of empathy” for small businesses for failing to agree to a commitment to paying suppliers on time.
Nearly half of senior IT professionals in the UK admit to data breach
New Report Highlights Need to Focus on Data-centric Security to Protect Data and Reduce Damaging Breaches
Facebook’s UK arm slumps to loss
Facebook’s UK arm slumped to a loss last year and paid a tax bill of just over £238,000, despite estimated revenues of £175m.
IP could release billions for SMEs – if only they knew
Most UK SMEs value their Intellectual Property (IP) at zero and fail to realise an estimated £100 billion of finance could be sourced directly through owner pension funds, according to research.
Businesses berate MPs for lack of support
Almost two thirds of British businesses consider MPs to be ineffective at representing their legitimate interests to government. This is the key finding of a new report from MindMetre Research that surveyed over 2,000 businesses, large and small, across the UK.
UK small firms ‘have least red tape and shortest hours’
British small business owners work fewer hours than their counterparts in the US, Germany, Spain, France and the Netherlands, researchers have claimed.
Sales industry vital in driving the British economy
A new report released today reveals that over 90 per cent of people believe a strong sales industry is important to driving the British economy.
Pop-up store delivers long-term benefits and announces national expansion
An experimental pop-up store is delivering long-term business benefits, tenants say, as a nationwide roll-out plan is put into place.
Middle management & junior staff feel under intense pressure in the workplace
A new study has revealed that a staggering 91 per cent of all UK workers believe the vast majority of workplace stress is falling on middle management, which is also filtering down to junior staff.
RBS launches new scheme to support UK’s young entrepreneurs
Royal Bank of Scotland has unveiled a package of support to help Britain’s young entrepreneurs as new research reveals a “confidence gap” for many who plan to start their own business.