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Current Affairs

Small businesses embrace the internet age

The number of small and medium sized enterprises (SMEs) using the internet and social networking sites has risen sharply over the past year, a recent business survey by PeoplePerHour has shown.

Rush to beat stamp duty holiday boosts housing market

House sales were up in January as an increased number of first-time buyers made the most of the stamp duty holiday which is to end in March, the Royal Institution of Chartered Surveyors (RICS) says.

Concerns behind January retail boost

UK retailers are increasing cash reserves rather than investing in business expansion and job creation as a result of economic uncertainty, an independent study by Oxford Economics for the British Retail Consortium (BRC) has found.

UK unemployment at 17 year high

The unemployment rate in the UK has reached 8.4 per cent of the economically active population, figures from the Office for National Statistics (ONS) indicate.

More start-ups financing business from their own pockets

More small and medium sized enterprise (SME) owners are dipping into their personal savings to finance their businesses, research by the Federation of Small Businesses (FSB) has revealed.

UK inflation rate drops to 14 month low

Consumer Price Index (CPI) inflation in the UK has fallen from 4.2 per cent in December to a 14 month low of 3.6 per cent in January, figures from the Office for National Statistics (ONS) indicate.

Project Merlin: Banks fall short in lending to SMEs

Five major UK banks have failed to meet their 2011 lending targets to small and medium sized enterprises (SMEs) as laid out in Project Merlin.

More to be done for small firms, says business group

The Chancellor needs to step up proposals to help small businesses if they are to see a genuine change in growth, says the Federation of Small Businesses (FSB).

Bank of England injects a further £50 billion into UK economy

The Bank of England has decided to extend its quantitative easing (QE) programme by a further £50 billion.

Policy maker accuses banks of failing businesses

Dr Adam Posen, a member of the Bank of England's Monetary Policy Committee, has lashed out at banks for not lending enough to small and medium-size enterprises, calling them 'reluctant risk adverse jerks'.