Mandelson alarmed at banks treatment of small business

Lord Mandelson says he is concerned about the "alarming" treatment of small businesses by some bank managers.

The business secretary welcomed Royal Bank of Scotland’s announcement that it would freeze overdraft charges for small firms until the end of next year.

But he said there was concern some banks were summarily changing the terms of loans to small firms.

Company liquidations jumped by 25%

Company liquidations jumped by a quarter in the last three months according to official figures today.

The Insolvency Service said there were 4,001 voluntary and compulsory liquidations in England and Wales in the third quarter of 2008. The figures represented a 10.5% rise on the previous quarter and an increase of 26.3% on the same period a year ago.

Tories urge small business help

He said local authorities could also help by paying small businesses for their services earlier.

Meanwhile, the chancellor, Alistair Darling, has said the government will help the economy by "re-prioritising" its spending to create jobs.

The Treasury’s Yvette Cooper has also urged lenders to be more lenient on people who default on mortgages.

Small business divided on Britain as a ‘great’ place for doing business

There is a clear divide on whether Britain is a great place to run a small or medium sized business according to the latest poll from the Orange SMS Business Jury. Over a third of SME and small businesses (36%) surveyed disagreed that Britain was a great place to run a small or medium sized business, while just under a third (32%) said that Britain was a great place to do business, despite the current downturn.

Business owners fighting to ‘make it’ big

Research carried out within the small to medium sized enterprise market and found that the most common factor that makes small business owners consider their business to have “made it” is when they have made over £250k-£500k profit cleared and in their business bank account.
 
The research from KashFlow.co.uk found that the Top 5 business milestones that small business owners considered that they had to reach before considering their business to have made it were as follows;

Red tape & bureaucracy awards put Darling at Number One

Nearly 40% of small business owners blame the Chancellor of the Exchequer for the increasing burden of red tape in the UK. A recent poll commissioned by online accounting software firm KashFlow has revealed the constraints and worries that increasing amounts of red tape has had on small businesses around the UK.
 
In the first ever Red Tape and Bureaucracy Awards the Chancellor of the Exchequer is today revealed to be the person that the majority of small business owners and accountants blame for increasing red tape in the UK.

Businessman turns apprentice for Sir Philip Green

Matthew Riley finished his first apprenticeship at the age of 18 and now 34 he’s doing it all again – his teacher, one of the most astute businessmen in the country, Sir Philip Green.
 
After winning one of the biggest prizes in business – the title of Bank of Scotland Corporate Entrepreneur of Year – the CEO of business communications provider daisy has now started to reap the rewards of his money-can’t-buy prize.

Brown wants ‘Apprentice’-like reality show

Prime Minister Gordon Brown is in discussions with TV producers to star in his own reality show, reports say.

MP Hazel Blears was photographed carrying an email print-out detailing a show with the working title Junior PM to a Cabinet meeting on Tuesday.

The email from producer Margaret McCabe pitched the show, which would feature aspiring politicians as contestants, as being targeted for the "Apprentice meets Maria/Strictly Come Dancing audience".