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Managing costs

Red tape cuts save businesses billions

Government cuts to regulation have saved British businesses £10 billion over the past 4 years, the Department for Business, Innovation and Skills has announced.

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Employment costs for small firms revealed

Small businesses pay an average of £35,500 to hire their first employee, according to research by the Centre for Economic and Business Research and the Federation of Small Businesses.

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Shop prices fall 1.8% in September

Shop prices fell by 1.8% in the year to September 2014, according to figures from the British Retail Consortium and Nielsen.

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Business insolvencies fall

Business insolvencies fell nearly 7% in the second quarter of 2014 but personal bankruptcies rose significantly, latest figures from the Insolvency Service have revealed.

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Service sector optimism increases

Businesses in the service sector want to take on more staff as optimism rises, according to research from the Confederation of British Industry.

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Mobile phones users could save by switching contracts

Mobile phone users could save an average of £104 a year by switching tariffs when their contract is up for renewal, according to uSwitch.com.

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1.4 million on zero-hours contracts

Around 1.4 million people are employed on zero-hours contracts, an Office for National Statistics study has suggested.

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Insolvency proceedings costs increase

The fees charged by courts and tribunals for insolvency proceedings have increased as of 22 April 2014.

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Minimum wage rises to £6.50 an hour

The National Minimum Wage for adults is to rise by 19p an hour to £6.50, the Government has announced.

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Households planning Christmas cut-back

Two thirds of consumers are planning to cut back on Christmas spending this year, according to new research by Which?

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