Online-only or ‘faceless’ banks are becoming a more familiar part of the UK banking landscape, with increasing numbers of businesses managing their finances through digital-only providers like Starling or Monzo. To uncover attitudes towards digital versus traditional business banking, NerdWallet UK surveyed 1,000 business owners and decision-makers of UK small to medium-sized enterprises (SMEs), asking […]
Small and medium-sized businesses in 11 UK regions are being targeted as part of a crackdown by HMRC on perceived non-compliance with the National Minimum Wage (NMW). Belfast, Birmingham, Bradford, Cardiff, Cornwall, Cumbria, East Anglia, Glasgow, Liverpool, the North East, and Watford are being specifically targeted by the tax authority. Businesses found guilty of non-compliance […]
High street banks are ripping off their small and medium sized business customers by offering them excessively low rates of interest on their savings. Allica Bank’s latest independent tracker, which monitors interest rates offered to SMEs, has shown that big British banks are still offering an average rate of just 1.39% to small business on […]
An extensive report into market sentiment has revealed that more than a quarter (28%) of organisations in the south-west have made redundancies in the last year. The report shows that businesses of all sizes have faced a series of challenges in the last 12 months. The South-West Market Research Report was commissioned by Monahans, the […]
With a Labour government in Westminster, a new SME State of the Nation report from iwoca sets out the major public policy challenges facing the UK’s small and medium-sized businesses. As planning reforms get underway by the government, four in ten (41%) small business owners believe that the housing crisis in the UK is having […]
New research from Santander UK finds sole traders are at risk of being left behind, with just one in six (17%) and one in five (20%) micro businesses believing they have sufficient resources to become more environmentally sustainable, which could affect growth or seriously devalue their business. Four in five SME decision makers (80%) say […]
Responding to the Financial Conduct Authority (FCA)’s publication of the final rules for its access to cash regime, Martin McTague, national chair of the Federation of Small Businesses (FSB), said: “Overall, the FCA’s new access to cash rules could play an important role in stemming the loss of cash infrastructure in the UK – but […]
London’s crown as the UK capital of microbusiness density is coming under threat from areas outside the capital following rapid growth in regional entrepreneurship, according to new figures published today. The findings come from Venture Forward, a multi-year international research initiative by GoDaddy, that analyses data from more than half a million digital microbusinesses in […]
Research commissioned by United Trust Bank (UTB) has found that SMEs are potentially missing out on approximately £2.29bn of interest payments each year by leaving excess credit balances in current accounts and instant access savings accounts paying no or uncompetitive rates of interest. Experts at the award-winning savings provider have calculated that the approximately £2.29bn […]
Optimum Finance, the invoice finance specialist, has reported another strong six-months as it continues in its quest to support the UK small and medium-sized enterprise (SME) community with the cashflow companies need to grow in the context of ongoing economic challenges. Not only has the company continued to advance £100ms to UK SMEs, but it […]
