Business owners are being urged to be “proactive and do research” when it comes to looking for best rates on savings accounts amid the pandemic. In the last few weeks, eight per cent of business owners surveyed have moved their cash savings to try to secure a better rate of interest. This comes as interest rates on savings accounts have been falling since the Bank of England cut its base rate to 0.1% in March this year.READ MORE
Small business owners will at some point likely be faced with a decision regarding a company car; should you lease or should you buy? Both have their benefits, but there are many things to take into consideration before making a choice. These include tax implications, financial commitment, and also that of the question of ownership. We explore whether it’s best to buy or lease a vehicle for a small business.READ MORE
Welcome to the Q2 issue of SME News.
And so we’ve reached the re-opening stages of this lockdown, tentative though it may be. With the next few days bringing about a host of business-related openings there is the expectation that we’re truly emerging out of the other side. Albeit, without many of the ‘normal’ expectations we have. It’s been a baptism of fire for businesses new and old, in a truly unprecedented situation that no one could really predict or wholly prepare for.
This issue will then focus on the optimism presented by the unknown future. Even if we do have to backtrack and return to more distant times, we will be more prepared and knowledgeable about what to expect. We’re experienced now in it all. Lessons have been learned, and companies up and down the country will be better equipped to grow and thrive in less-trying times. Onwards and upwards.
So, whenever you have the time, sit back and take a look at this issue. We’ve focused on a select number of SMEs that are looking at becoming better, more resilient and more robust in the months and years to come.
In the meantime, we hope you stay safe. We’ll be here next quarter to give you the latest in UK SME news.
COVID 19 has hurled unprecedented challenges at the entire world. All aspects of living, including physical health, emotional wellbeing, economy, and financial stability, have been primarily affected by the pandemic. An unparalleled number of businesses have been disrupted, with many struggling to stay afloat. The financial schemes of the government are trying their best toREAD MORE
The founder of London’s revolutionary sustainable mobility service ecofleet, Farah Asemi, has this week announced her expectation of a more permanent shift towards delivery by bike, as the UK emerges from the Covid19 lockdown with a clearer focus on environment friendly solutions. With air quality globally improving due to government enforced lockdowns, Farah foresees anREAD MORE
As lockdown eases, changes in how we do business have only just begun. One country that might be able to provide valuable insight is Germany. Having begun lockdown easing back in April, it is already dealing with the next economic phase that small businesses (SMEs) in the UK will soon have to adapt to. A recent studyREAD MORE