Lloyds Banking withdraw more branches

The news that they should sell off more than the planned 600 of their branches was not received well by the Lloyds Banking Group. The Independent Commission on Banking, which is chaired by Sir john Vickers, have come back and told them that after their recent takeover of HBOS, the sell off they agreed with […]

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Northern Ireland needs more enterprise zones

Exciting times for the private sector are afoot in Northern Ireland. After the recently announced introduction of 21 enterprise zones in England which will have more efficient planning procedures, fast broadband and reduced rates to promote economic growth in the area, Chancellor George Osborne said that he hoped Northern Ireland could follow suit. However, Sammy […]

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Social finance changes will hurt business

The recovery of the UK economy will be damaged by the changes to retirement rights and paternity leave, according to the British Chambers of Commerce. As from 3rd April, British men whose partners return to work earlier will be entitled paternity leave of up to 6 months. The default retirement age will be defunct from […]

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StartUP Britain wants student entrepreneurs

The development of a pilot StartUp Summer programme to help encourage and support student entrepreneurs will be lead by YouGov and UCL working hand in hand with StartUP Britain with collaboration from Imperial College London. The entrepreneurs’ development programme StartUpSummer, is to give the students the opportunity to develop their business ideas into an actionable […]

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Flexible working can work for SMEs

It seems that businesses are finally starting to wake up to the benefits of flexible working, and not before time, as mobile technology now means that workers can be anywhere in the world and still capable of delivering the results. That is the big change in emphasis, according to T-Mobile’s Martin Lyne, that companies are […]

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The tax system is simply not helping small business

A Treasury commissioned report from the Office of Tax Simplification (OTS) has spelled out all the things that need the Chancellor’s attention such as the tax systems inability to handle self employment, the reform of the national insurance  and taxation of income compared to earnings all these attribute to the UK’s dysfunctional system of small […]

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Not enough female small business owners in UK

The Federation of Small Businesses (FSB) said the Government needs to take a lesson from the US and encourage entrepreneurship and increase the number of female owned business in order for the economy to actually grow. Nearly 50% of the workforce is women but less than 30% of the self-employed are women and that concerns […]

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