Over two-fifths of Hong Kong migrants plan to start business in the UK July 19, 2021 The UK could be set for an entrepreneurial boost from an unlikely source – with almost half of wealthy Hongkongers coming to the UK set to start their own businesses. According to UKHK.org, a charity supporting Hongkongers in the UK, a new survey of Hongkongers found more than half (52.1 per cent) have or intend [...]
Prince Charles warns small family farms must survive for an environmentally friendly future July 14, 2021 The Prince of Wales has called for small family-run firms to be at the heart of attempts to go green. In an essay for BBC Radio 4’s Today Programme, the heir to the throne warned letting family-run farms go to the wall would break “the backbone of Britain’s rural communities,” and said the “heart will [...]
Looking on the bright side: Business owners optimistic about pandemic recovery July 13, 2021 As Freedom Day approaches, business owners have told City A.M. they are optimistic about the road to recovery, with many believing they make come out stronger as their e-commerce operations have matured as a result of the pandemic. Almost one in five of small business owners expect their revenues to grow by about 10 per [...]
US lobby groups gear up to fight Biden corporate tax hikes July 6, 2021 US business lobbying groups are preparing to stop new corporate tax hikes in a spending bill linked to the bipartisan $1.2tr (£870bn) infrastructure deal. As reported by Reuters, the US Chamber of Commerce, the National Association of Manufacturers, the National Retail Federation and other wealthy lobby groups plan to sway a handful of Democrats against [...]
FSB calls for govt to bridge 18-day gap between Covid support and full reopening June 28, 2021 The Federation of Small Businesses (FSB) has made a last urgent appeal to the government to help small firms by bridging the gap between the end of Covid financial support this Thursday and the July 19 full reopening. Full furlough, business rates exemptions and deferred VAT payments will all end on Thursday July 1, eighteen [...]
Small businesses battered by Covid restrictions see return to pre-pandemic sales June 24, 2021 Small businesses are seeing their sales slowly creep back toward pre-Covid levels, but sectors such as hospitality and arts and recreation still have a way to go. An analysis of the records of hundreds of thousands of companies shows that the health of small businesses has remained steady. However, despite the easing of lockdown restrictions [...]
Close to home: Demand for city centre offices drops as hybrid working picks up June 16, 2021 Suburban office markets outperformed city centres for the first time in ten years, with six out of nine major cities seeing a drop in workstation rates. Research published today found demand was driven by workers rejecting both working from home and returning to crowded cities. The shift to smaller towns was also influenced by companies [...]
SMEs worried about access to finance as late payments rise, study shows June 16, 2021 SME bosses are concerned that access to finance will become harder over the next three years as they grapple with the late payment of invoices, according to new research. A study by MBH Corporation found that 40 per cent of SMEs believe applying for funding will become more difficult, while just 10 per cent expect [...]
Dead centre of town: City looks to bring new life to cemetery cafe June 14, 2021 Fancy a thriller of a business opportunity? The City of London Cemetery and Crematorium is looking for a new proprietor to refurbish and operate its on-site café for visitors and mourners. With the current five-year lease coming to an end, the City of London Cooperation is accepting new proposals for the Gatehouse Cafe at the [...]
4 in 10 small businesses will struggle to pay Covid loan repayments, research shows June 7, 2021 Nearly 40 per cent of small businesses could be at risk of closure when repayments of the government’s Bounce Back Loan Scheme start this month. Of the businesses surveyed by Mazuma Accountants, 39 per cent said they will struggle to meet payments, while more than a quarter are downbeat about how their firm will fare [...]