Spending on travel and entertainment by UK SMEs using American Express corporate cards exceeded pre-Covid figures during the second quarter. In a further sign that SMEs have been leading the recovery in corporate travel, their overall spending reached 108 per cent of the figure recorded in the second quarter of 2019. There are also positive […]
As the government prepares to launch a new £3bn a year loan scheme for small and medium-sized businesses this week, a new survey of MPs commissioned by AAT (Association of Accounting Technicians) shows that almost two-thirds of those surveyed want more support for SMEs to cope with the ongoing cost of living crisis. When asked […]
Balancing entrepreneurial spirit with scalable infrastructure will helps SMEs build resilience and opportunity against a backdrop of economic unpredictability and rising costs Despite the prospect of ‘stagflation’ – a combination of weak growth and high inflation – rising energy costs, an unbaked Brexit, the Russian invasion of Ukraine causing global supply problems and a widespread […]
As the cost of living crisis builds up UK shoppers are slashing their budgets in almost all areas. But there is a notable exception – the money spent on clothing is above pre-pandemic levels, the return of weddings, holidays and socialising fuelling a boom in “revenge spending” or buying those treats missed over months of […]
Nikhil Rathi, Chief Executive of the Financial Conduct Authority (FCA), outlined technology and data as key to tackling financial fraud in the UK in a speech delivered at the Peterson Institute of International Economics this week. Rathi proclaimed that the FCA has “invested heavily in data and technology” to help scan for fraud, with over […]
One in five businesses were started because founders were jealous of their former boss, according to new research, with entrepreneurs desperate to experience the freedom of their own business. Start My Business, a business launchpad platform commissioned the polling of UK SME owners and senior decision makers to observe what fuelled entrepreneurs to start their […]
Recent research has revealed over half of employees believe their employer should offset some of the rising cost of living. The data, which was uncovered as part of a 1,000 employee survey, revealed many would relish the opportunity to make savings on their frequent hot drink purchases during their commutes, with almost two-fifths agreeing they […]
As the world tried to stem the spread of the Covid-19 virus and contain the outbreak, tourism slowly came to a halt. One of the most affected industries, the travel and tourism sector, bore the brunt of the downturn much more than others. And yet, there were startups last year which rose to the occasion […]
One in five small businesses in the UK is at serious risk of closure due to the rising cost of living, with the greatest areas of concern being the West Midlands and the North East, according to new data. The research from London-based business financial platform Tide found that companies are increasingly struggling to handle […]
The number of Brits with persistent debt problems has jumped by almost a third as the cost-of-living crisis bites further. Charlie Nunn, the boss of Lloyds Banks, said customers are “concerned” about the economy but said he believes many are talking “too negatively” about the financial outlook. It comes after inflation surged to 9.1 per […]