New research reveals that two fifths of UK SMEs believe their business may be in financial difficulties in a year’s time, while a small minority expect their business to wind down. Equally concerning, one in six of SMEs believe they will fail to meet their debt obligations over the next 12 months. The research was […]
New research finds the majority of Brits are baffled by the most basic terms of their credit agreements, like how much interest they’ll be charged. To protect consumers from being hoodwinked by credit providers, the Consumer Credit Act prescribes the information a company must give consumers before they sign a credit agreement. But these rules […]
Despite a continued push for equality, men still earn more than women with the difference in wage remaining at 9.4%, the same level as in 2017/18, when figures were first published. The analysis looked at a company’s median pay gap – the difference in pay between the middle-ranking woman and the middle-ranking man. This is […]
British businesses are fighting to stay afloat as current economic pressures lead almost seven in 10 to seek cost-saving measures. The study quizzed senior decision makers across a range of small and medium-sized UK businesses, with 82% of business leaders stating the cost-of-living crisis has had a negative impact on their company. Despite their best […]
With the Cost-of-Living crisis seemingly driving worker theft up, specialist background screening and identity services firm, Sterling, has warned businesses to be mindful of the cost of a bad hire. This latest warning comes following reports from insurer Zurich UK, that employee theft had increased 19% in 2022 when compared to the year before. It’s […]
Remote working could hinder skills development longer-term, with employers indicating difficulties in the onboarding, training and development of staff in a remote environment. That’s according to a recent study from workplace creation expert, Unispace, and not-for-profit corporate real estate association, CoreNet Global. The study of global leaders revealed that the physical separation between peers could […]
New research reveals the extent to which the UK’s SMEs are exposed to substantial debt stress today. The average bad debt amongst UK SMEs has jumped 61 percent – from £10,329 in Spring 2022, to £16,641 today. Currently, around 1.5 million – or 27 percent – of SMEs are struggling with this issue. Combined with official statistics showing […]
The Chancellor’s reforms to Research and Development (R&D) tax reliefs take effect today, including an increase in the Research and Development Expenditure Credit (RDEC) rate from 13% to 20% for UK businesses. However, new research has found that half of UK SMEs have had to borrow or raise any money due to the current energy […]
Despite the number of unfilled job vacancies in the tech sector falling by more than a fifth in the latter months of 2022, there are still over 55,000 unfilled roles suggesting that talent shortages are still plaguing the sector. That’s according to the Robert Half Jobs Confidence Index (JCI). Created in association with the Centre […]
The UK Government has lost £21bn worth of taxpayers money due to fraud since the start of the pandemic, that is “very unlikely” to be unrecovered, according to the National Audit Office (NAO). The NAO said that many public bodies are unaware of the amount of fraud they face, as it revealed that levels of […]