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.
Business Secretary Vince Cable today set out the next steps to diversify business finance, announcing details of an industry-led Taskforce to be led by Tim Breedon, Legal and General chief executive and current chairman of the Association of British Insurers.
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.
The number of young entrepreneurs starting up their own business has increased by nearly a quarter in the past three years, according to research out today by Experian. However, it is not all good news as the finding also highlight that almost half of these businesses are wound up within two and a half years and a further 22 per cent fail between two and a half and three years.
Chancellor George Osborne pledged to revitalise business by cutting red tape and ending a culture of employment tribunals as he gave a fairly pro-business Autumn Statement.
Transport Minster Norman Baker has announced the formation of the ‘Anywhere Working’ consortium in a speech given in central London.
The most radical reform to the employment law system for decades have been outlined by Business Secretary Vince Cable as part of the Government’s plan for growth, cutting unnecessary demands on business while safeguarding workers’ rights.
The second phase of the Growth and Innovation Fund (GIF) was launched today by Business Secretary Vince Cable and Minister for Skills John Hayes. The fund will support businesses to develop their skills solutions tailored to their own needs, transforming growth in their sector, region or supply chain.