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Business development

Credit conditions remain tough for SMEs

Larger businesses are experiencing a greater availability of credit for the first time this year, but smaller firms are continuing to struggle to access capital, the CBI has reported.

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Lending 'monopoly' is hitting smaller firms

Mergers between big financial high street institutions and government measures aimed at stimulating lending amongst the larger banks in the aftermath of the credit crunch are having the effect of suffocating competition and limiting the choices of finance open to small firms, it has been claimed.

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Firms say jobs still under pressure

Jobs continue to be at risk during the economic downturn, with a significant proportion of employers contemplating redundancies over the next six months.

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Conditions improve for smaller manufacturers

Trading conditions may not be quite as gloomy for UK manufacturers than they were three months ago, according to the latest CBI survey.

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Easier rates payment scheme could be hit by admin problems

A scheme aimed at helping firms pay their business rates may face delays because of problems in implementing it.

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Small firms will need help to thrive after the recession

The government has been called on to provide SMEs with help once the economy emerges from the downturn.

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Businesses paying back deferred taxes

Businesses that delayed settling their tax bills under a scheme introduced by the government to help those struggling in the economic downturn are paying back the much of the money owed.

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Banks get warning on small business lending

The UK’s major banks could be faced with a competition enquiry if they do not step up the level of lending to SMEs and reduce its cost.

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Minister urges smaller businesses to enquire about government loans

SMEs that are struggling to secure finance from the banks should look at the possibility of using the government’s loans scheme.

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VAT rise still looks set for end of December

Treasury plans to increase the rate of VAT to 17.5 per cent at the end of the year appear certain to go ahead.

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