Government Initiatives

Recession tax relief measures could 'discriminate' against some businesses

Unincorporated businesses could miss out on a tax relief scheme introduced by the Chancellor in the pre-Budget Report.

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Recession to rule out compulsory equal pay reviews

The government is to be advised not to push ahead with the planned introduction of compulsory equal pay reviews in the forthcoming Equalities Bill.

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Businesses unaware of government loan scheme

Nine out of ten businesses do not realise that their banks offer access to the government’s Enterprise Finance Guarantee scheme, a new survey has revealed.

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Chancellor urged to delay date set for VAT increase

The British Retail Consortium (BRC) has said that the planned date for the restoration of the old rate of VAT will come at the worst possible time for businesses.

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Small firms’ loan scheme 'making a difference'

Lord Mandelson, the Business Secretary, has said that more than £1 million worth of loans are being made each day to small businesses as a result of a government guarantee scheme.

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Employment guide to help firms handle the recession

Employers are being urged to plan for the longer term during the economic downturn and to take an innovative approach to avoiding job cuts.

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Campaign to boost awareness of business finance schemes

An advertising campaign has been launched to promote the various government-funded packages available to small firms in order to help them cope with the recession.

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Businesses to get help in securing finance

The government has unveiled details of plans designed to provide SMEs with easier access to credit and to help with the cash flow problems afflicting many firms as the economic downturn deepens. The support package will see the government guaranteeing up to 50 per cent of some £20 billion worth of bank loans to small businesses.

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Business Payment Support Scheme: what every business owner needs to know

Britain’s businesses will face enough challenges over the coming months without having to worry unduly about their responsibilities to the Treasury. So the government have launched a brand new Business Payment Support Scheme to give worried entrepreneurs some breathing space. It’s called Time to Pay.

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Applying for a government grant

With the banks still reluctant to lend, one possible alternative source of business finance is a government grant.

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