Government Initiatives

Businesses should 'persist' in chasing funding

Businesses are being advised not to take refusals of help with funding from banks as the final word on the matter.

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Europe should suspend introducing new employment regulations

Ahead of the forthcoming European elections, the British Chambers of Commerce (BCC) has called on the European Commission to place a moratorium on all new employment laws.

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Late payment culture a ‘barrier’ to economic recovery

Problems with late payments and unilateral changes to payment terms and conditions have been described by a business group as one of the main barriers to a return to economic growth.

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Caps to be imposed on training funding

The amount of government money that goes into funding apprenticeships and training schemes is to be limited following the unprecedented level of take-up among employers.

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Capital allowances will 'benefit relatively few' firms

The increase in capital allowances announced in the Budget is unlikely to help large numbers of smaller firms, according to two trade and business organisations.

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Firms urged to take advantage of interest-free green loans

Interest-free loans worth £100 million over two years are being offered to businesses looking to invest in new, energy-efficient equipment and machinery.

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Change back to old VAT rate should be 'delayed'

The government should consider switching the date on which the standard rate of VAT moves from 15 per cent to its former level of 17.5 per cent.

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Trade credit insurance scheme starts up

Businesses that are facing cuts in the level of available credit insurance cover can begin to make use of a new government support scheme from 1 May.

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More tax help for struggling businesses

Businesses that believe they will make a trading loss in the current tax year can ask HM Revenue and Customs (HMRC) to take the anticipated loss into account as part of any rescheduling of their corporation tax or income tax payments.

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