Six steps to reducing labour costs
It’s not easy being a small business owner. When times are tough and you’re up against it financially, difficult decisions need to be made. And with labour costs typically accounting […] more»
Labour costs
Rising food and fuel costs put key UK sectors under pressure
Across key sectors of the UK supply chain, levels of significant financial distress – a state of financial ill health that can lead to bankruptcy – have risen by 26 per cent on average over the last 12 months. more»
Small business costs rising faster than UK inflation rate
Owners of small UK companies are experiencing business costs that are rising faster than the country’s inflation rate, according to new research. more»
Domestic demand drives growth for small manufacturers
The UK’s small manufacturers have enjoyed the highest demand for domestic orders in two years, according to an industry survey, but rising costs could soon undermine growth. more»
Construction sector hit by growing skills shortage
A skills shortage in the UK’s construction sector has driven up costs for small firms, as an industry-wide survey reveals the struggles faced by business owners to fill positions. more»
Poor Christmas planning means a dry January for one in five business owners
One in five owners will have to dip into personal savings to make it through January this year, as new research revealed the dangers of not being prepared for the festive season. more»
Autumn Statement 2016: VAT rate system overhauled for small firms to clamp down on misuse
The chancellor Philip Hammond has introduced a new 16.5 per cent flat VAT rate for small businesses that have so-called “limited costs”. more»
How widening lending options are opening up new opportunities for the UK’s small firms
The head of business development at Tungsten Network explores the increasing lending options being introduced for small businesses and why options such as e-invoicing can make all the difference in the difficult early stages. more»
