Current Affairs

Poor management 'undermining' economic growth, says advisory group

Poor management skills and lack of leadership by managers in the UK is hindering attempts to boost economic growth, The Chartered Institute of Personnel and Development (CIPD) has claimed.

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Small businesses urged to consider alternative buying methods to reduce costs

Small recession-hit businesses faced with increased business costs may be able to save money through group buying, research carried out by the Forum of Private Business (FPB) has claimed.

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SMEs 'losing battle' for public sector work, says business group

Small and medium sized businesses (SMEs) are continuing to lose out on public sector contracts, despite recent Government initiatives, says the Federation of Small Businesses (FSB).

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MPs call for Government to help SMEs in bank 'mis-selling scandal'

Toby Perkins, shadow small business minister, and Chris Leslie, shadow Treasury minister, have called for the Government to take urgent action against growing claims that mis-selling by banks has driven many driven small businesses to the point of bankruptcy.

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Advisory group to track Northern Ireland's global economic competitiveness

Northern Ireland's independent Economic Advisory Group (EAG) is to develop a strategy to accurately measure the country's economic competitiveness.

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Four in five SMEs affected by postal price hike

Four in five small businesses in the UK believe the change in postal rates - which came into effect on 30 April 2012 - will affect their business and the ways in which they communicate with customers.

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12,000 sent incorrect tax penalty notices from HMRC

HMRC has apologised to more than ten thousand people who were wrongly sent penalty notices after it believed they had failed to file self assessment tax returns.

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New defined benefit pension rules offer breathing space for employers

The Pensions Regulator is to relax the rules regarding defined benefit pension schemes, after fears that businesses are putting themselves at risk struggling to maintain funding in the current economic climate.

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Businesses still struggling with late payment culture

Companies struggling with the effects of late payment are failing to take advantage formal procedures and are putting their business at risk, a new business report has warned.

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Government publishes potential business contracts worth £70 billion

£70 billion worth of potential future government contracts have been published by cabinet office minister Francis Maude and business secretary Vince Cable, in a bid to boost UK economic growth.

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