Small firms expecting more sales

Research commissioned by the Royal Mail has indicated that two thirds of small and medium-sized enterprises in the UK expect sales to increase by 28% this summer.

Inward investment creates new jobs

Figures from the Department for International Trade have revealed that 57,000 new jobs were created as a result of inward investment from foreign direct investment projects in 2018/19.

DIT partners with FinTech Alliance

The Department for International Trade has announced a partnership with FinTech Alliance, a community driven platform for businesses in the FinTech sector. The alliance has been set up to support the continued growth of the sector.

UK business optimism falls

According to new research from PwC, Private businesses in the UK have decreasing optimism in their growth expectations. Rates have fallen from 69% last year to 49% this year.

Small businesses owe £14bn in tax

Small businesses owe a total of £14 billion in unpaid tax, according to figures published by HMRC. Failure to take reasonable care and tax errors are key reasons why small businesses underpay their tax.

Start Up Loans scheme reaches £500m

Official figures have revealed that the government-backed Start Up Loans scheme has loaned £500 million since 2012. Overall, around 14,000 start ups in London have received a total of £118 million from the scheme.

More small charities at risk of closure

A new report from the Foundation for Social Improvement has indicated that three in 10 small charities are worried they could be forced to close over the next 12 months, compared with one in 10 in 2013.

Retailers’ investment plans stall

Research from the Association of Convenience Stores has revealed that just 9% of independent retailers are planning to invest in their stores over the next 12 months.

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