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Small Business News

News and solutions to help small businesses stay nimble, efficient and profitable
By Dan Wilson September 11, 2018 - 4:03 pm

UK government proposes new laws to help small business cashflow

New laws proposed by the UK government that should help small business get paid by bigger organisations in a timely fashion, are before Parliament this week for debate soon. One of the measures is specifically designed to prevent bigger firms abusing their stronger position. The

The UK economy grew 0.6% this summer

The UK gross domestic product (GDP) grew by 0.6% in the three months to July. The rolling three-month growth picked up from growth of 0.4% in the second quarter (Apr to June) 2018 The month-on-month UK economy growth rate was 0.3% in May 2018, 0.1%

Xero expands its API functionality

Popular accounting provider Xero has announced a new API functionality that will be useful to scores of marketplace merchants. Their new API will specifically connect more effectively with banks to offer real-time information and updates via the app. In the past, they say that banks haven't

UK government scraps tax cut for the self-employed

In the quiet days of August, the UK government has discreetly scrapped a little tax cut for self-employed people that would have been a benefit to many marketplace merchants. Class 2 National Insurance contributions will no not now be abolished during this Parliament as was

UK government publishes new national export strategy

In August the British government published a new export strategy that will serve as a blue print for future trade negotiations and policy making after Brexit. As they note in the preamble, for the first time in over 40 years the UK will be unilaterally

Brexit progress this week is good for sterling

Pound sterling has enjoyed a minor boost and increase in value against the euro this week as it appears that the prospect of a 'no-deal' or hard Brexit is diminishing as negations between the UK and EU reportedly make progress. Of course, there will be

UK interest rates increased by 0.25%

The Bank of England Monetary Policy Committee (MPC) has voted to increase UK interest rates with immediate effect today. The rise of 0.25% takes the base rate to 0.75%. That's the highest level since 2009 and only the second increase in a decade. It's noteworthy

65% of UK SME craft and design retailers saw growth in the past year

It looks like craft and design merchants have had a positive year and are confident about the year ahead because 65% of the UK SME craft and design retailers surveyed say they have seen an increase in their sales over the last twelve months, according

Have you been impacted by the TSB banking outage?

UK bank TSB has been the victim of technical problems this week. Have you been affected and are the problems resolved? We'd love to hear from you because there are lots of mixed messages. TSB says all is well but many customers seem to be

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