Business development

Action needed on late payment, says FSB

Some small firms are having to wait up to four months for invoices to be settled by larger customers, the Federation of Small Businesses (FSB) has claimed.

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Business lending slides by record amount

Bank lending to businesses fell by £8.4 billion in July, new figures have revealed.

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Firms advised against employment law 'complacency'

The recent rise in the number of tribunals, fuelled by recession-lead redundancies, should alert firms to the importance of complying with employment law.

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Warning on business energy contracts

Electricity providers have been told that they could face an official investigation into their competition practices if they persist in asking firms for large advance deposits.

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Pay rises slip to record low

Average pay increases offered by UK firms have dipped to just 1 per cent, the lowest figure since records began.

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Tax breaks would boost 'value' of operating leases

Tax breaks that are available to profitable businesses when buying equipment should be extended to those SMEs that take out new operating leases.

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Upturn in business confidence heralds 'end' of recession

A surge in confidence among business professionals could suggest that UK is about to emerge from the recession.

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Government urged to fund more apprenticeships

The government needs to provide extra subsidies for apprenticeship schemes if unemployment among young people is not to become entrenched.

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Stakeholder pensions could be approaching 'obsolescence'

Sales of stakeholder pensions have fallen by 28 per cent in the last year, prompting speculation that the schemes are nearing the end of their usefulness.

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Fall in tax receipts means VAT to rise as planned

There seems no prospect that the cut in VAT will be extended beyond the planned end of the year reversion to the old rate after it was revealed that tax revenues have fallen sharply.

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