LinkedIn has announced its support of the Government initiative to promote new enterprise in the UK by reducing the burden of regulation with the creation of a “Red Tape Challenge” LinkedIn Group enabling UK businesses to connect and participate in the discussion about regulations that are holding back innovative new businesses.
Four more businesses have successfully secured government support through the Regional Growth Fund (RGF) to create new jobs and boost growth in their local communities.
Business formations are on the rise in the UK, as more and more budding entrepreneurs turn their hand to self-employment. According to Companies House figures, 435,856 new businesses were registered in 2011, compared to 384,981 in 2010.
David Cameron has told small business owners that tax cuts and low interest rates rather than government spending will be key to restoring confidence in the economy.
So the TUC has carried out a survey that has apparently found that two billion hours of overtime was carried out by British workers last year. On top of that, the union says that these extra hours could have resulted in a million extra jobs being created.
With 1.5 million small business websites built this year, 2012 is already being tipped to be a landmark year for entrepreneurs
The latest Insolvency Index from Experian has revealed a widening North versus South business failure divide, with southern firms faring far better than their northern counterparts. London and the South East of England saw insolvency rates decrease between October and November, while company failures increased in the North East, North West and Yorkshire.
Small businesses quizzed by the UK Business Barometer indicate that they expect the Prime Minister’s veto on EU-wide treaty changes on Eurozone rules during recent crisis talks to have little impact on their day-to-day business.
The UK’s small manufacturing businesses risk being squeezed out of their domestic market as operational costs reach a new high, according to the latest quarterly Business Inflation Guide (BIG).
Plans to change the way that businesses experience ‘frontline enforcement’, such as business inspections, were set out today by Business Secretary Vince Cable, including a full scale review of UK regulatory bodies and moves to cut the number of inspections for ‘compliant’ firms.