Skill shortages and finance top concerns for start-ups

Obtaining finance and skills shortages are the top concerns among start-ups. According to a survey by the Institute of Directors (IoD) of 650 entrepreneurs under the age of 35, revealed that finding skilled employees and accessing scale-up finance are the most...

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Business closures at lowest rate since 2008

The number of business starting operations increased by 1.2% from 346,000 to 351,000 between 2013 and 2014. Latest figures from the Office for National Statistics show that the growth rate for new businesses decreased from 14.1% to 13.7% in 2013/14. The number of...

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Autumn Statement 2015: Personal announcements

Chancellor George Osborne has now delivered his Autumn Statement 2015. Here’s our summary of the key measures effecting personal finance. Tax credits: Tax credit taper rate and thresholds remain unchanged. The Chancellor has promised to achieve the £12 billion per...

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Small businesses haven’t grown since 2010

1 in 3 small businesses haven't grown in the last 5 years, according to research by Association of Accounting Technicians (AAT). In a study of 1,000 small businesses, 33% hadn't experienced revenue growth, and 31% hadn't seen profits increase since 2010. 56%...

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Lack of financial management skills widespread

40% of adults are not in control of their personal finances, research by The Money Advice Service suggests. 20% are unable to read a bank statement while 40% have less than £500 in savings. 1 in 3 are unable to calculate the effect that a 2% annual interest rate will...

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SMEs driving job creation

Small and medium-sized enterprises (SMEs) have been responsible for creating 15.6 million jobs this year, up from 15.2 million, analysis by the Forum of Private Business (FPB) shows. Figures from the Office of National Statistics show an estimated turnover of £1.8...

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Over generosity risks parents finances

Parents who lend money to their children are at risk of compromising their own financial position, according to a survey by Investec Wealth & Investment. Of the 1,000 adults surveyed, a third of those aged over 55 either plan or give money to their children at an...

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