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Business development

Credit rating 'problems' for smaller businesses

Well over a half of the UK’s smaller firms have credit ratings that could adversely affect their ability to raise finance.

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Employers looking to freeze pay

Over a half of employers are planning to keep wages on hold during the next round of pay talks, a new survey has indicated.

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Business lending sees record drop

Many firms are still experiencing the effects of the credit crunch, with business lending suffering its biggest drop in nine years.

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Businesses asked for their views on access to finance

The government wants to hear from SMEs about the difficulties they are facing when it comes to securing growth capital.

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Calls for VAT rise to be pushed back

Businesses are unhappy over government plans to stick to its original timetable on the return to the old standard rate of VAT.

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Small businesses less expensive to run

The cost of running a small business has fallen for the second successive quarter.

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VAT accounts for almost half of delayed business taxes

Firms have delayed paying £1 billion of VAT after reaching agreements with HM Revenue and Customs (HMRC) under the Business Payment Support Service.

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SMEs encouraged to consider export markets

Smaller firms should look seriously at exporting as a way of combating the economic downturn.

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Businesses reschedule £2.5 billion in tax payments

The amount of tax which small firms have asked to delay paying under the government’s Business Payment Support Service has risen to £2.5 billion.

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Publicly funded small business scheme under review

The government has set up a review to examine whether a publicly backed venture capital fund is needed to help small, high growth firms with their financing.

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