Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 5 days ago

New blog articles detected

  • UK inflation highest since June 2014

    Annual inflation as measured by the Consumer Prices Index (CPI) reached 1.8% last month, the ONS said, up from a rate of 1.6% in December. It is the fourth consecutive month that the rate has risen and takes inflation to its highest since June 2014. The rise has been driven by a surge in fuel […]

  • Economic predictions revised

    The European Commission (EC) has predicted that the UK economy will slow down over the next couple of years. Its latest forecast says the UK economy will grow by 1.5% this year and by 1.2% in 2018, compared to 2% last year. The EC says the slowdown is prompted by uncertainty following the EU referendum. […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 1 week ago

New blog articles detected

  • Bank warns against ‘lax financial rules’

    The Bank of England’s Deputy Governor for Financial Stability has warned against relaxing banking regulation, saying that such a move could damage the global economy. Sir Jon Cunliffe said that “lax controls” risked undoing progress that had been made since the financial crisis. His comments come after suggestions that if Britain did not secure a […]

  • Half of SMEs plan to increase prices

    More than half of SMEs say they will increase their prices this year due to the weak pound, a survey by the BCC has found. Meanwhile, about the same proportion said currency was having a negative impact on their profitability. The BCC said rising import costs were “squeezing” SMEs’ margins, and director general Adam Marshall […]

  • SMEs deserve protection from mis-selling

    James Hurley discusses the HBOS scam which saw six people jailed last week for conspiring to asset-strip small businesses and spend the proceeds on a life of luxury. He says such scandals are leading to calls for more protection for SMEs, but the problem lies in the fact that commercial lending is not regulated. Alison […]

  • Small businesses ‘facing bankruptcy’ over rates rise

    Business lobby groups have demanded an easing of exemption rates and other reforms of business rates as part of their request to the Treasury ahead of the Budget. read more and source: https://www.ft.com/content/64def016-e88f-11e6-967b-c88452263daf

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 2 weeks ago

New blog articles detected

  • Record rise in manufacturing input costs

    The headline Markit/CIPS Purchasing Managers’ Index came in at 55.9 for January, down from 56.1 in December, as manufacturers were forced to increase their own prices at the fastest pace since April 2011. Input costs rose at the fastest pace since the survey was first compiled in 1992, attributed by respondents to sterling’s 12% trade-weighted […]

  • Hope remains for peer-to-peer lending

    The Standard’s Anthony Hilton discusses the peer-to-peer lending model and is optimistic that, despite problems experienced by Wellesley and RateSetter’s bad-debt scare last year, the successes in the sector have the potential to make a lasting impression. It should be expected that smaller operators fail if the economy turns downward, he says, while bigger players […]

  • Small firms suffer financial distress

    Research by Begbies Traynor reveals more than 275,000 companies were showing signs of significant financial distress at the end of last year. The firm’s Red Flag Alert analysis found that on a year-on-year basis, corporate stress rose for the 13th consecutive quarter towards the close of 2016. Furthermore, over 90% of companies experiencing “significant” financial […]

  • UK economy grows by 0.6% in fourth quarter

    The UK economy grew by 0.6% in the October-to-December period, the same rate as in the previous two quarters, and 2% for the year as a whole, according to an initial estimate from the ONS. The services sector grew by 0.8% in the quarter, helped by growth in retail sales, the ONS said, with the […]

  • Manufacturers’ orders hit two year high

    The CBI industrial trends survey reveals factories have started 2017 on the front foot, with total orders climbing to their highest level in nearly two years. A balance of 5% of companies had a rise in orders in January, the best reading in 23 months. Manufacturers also revealed that they were investing and hiring as […]

  • Rising costs concern SMEs

    The latest SME Confidence Tracker from Bibby Financial Services shows more than a fifth of small businesses say rising costs are their biggest concern this year. The proportion of firms expressing such fears has doubled in the space of 12 months. Bibby’s Edward Winterton says business should deal with rising costs by managing overdue payments, […]

  • New P2P lenders may expose investors to risks

    The Times reports that concerns are growing in the P2P lending industry that the market is being flooded with start-ups, that could expose investors to undue risks. Figures from the FCA show that scores of operators are in the process of applying for regulatory authorisation. As of December 28, 56 firms had either “interim permission” […]

  • Nervous SMEs consider hiring freeze

    A survey by Close Brothers has found 51.2% of SMEs were reluctant to hire new staff over 2017 amid nervousness about the prospects for the economy and the uncertainties of the UK’s withdrawal from the European Union. Among the SMEs that do anticipate taking on staff, 22.9% said they would look to temporary workers or […]

  • Drivers and concerns for entrepreneurs

    A new report by the Telegraph and Omnicom Media Group – Entrepreneurial Britain – provides insights into the motivations of the SME founder community, and the common challenges that face small businesses. The chief concerns regarded financing while finding staff with the right skills was also a major area of concern. The inspiration for many […]

  • Small businesses pessimistic over growth during 2017

    A survey of 1,200 SMEs conducted by O2 found just 46% were predicting 2017 will be better than 2016. Digital skills, trade deals and economic uncertainty were key concerns. source and read more: http://www.independent.co.uk/news/business/sme

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 4 months ago

New blog articles detected

  • Britain rises in competitiveness index

    Britain has been named as the world’s seventh most competitive economy, rising three places since last year. The global index, compiled by the World Economic Forum, is based on 100 different indicators, ranging from the flexibility of labour markets to the quality of a country’s infrastructure. Meanwhile, the World Trade Organisation has predicted the UK […]

  • UK SMEs wasting time taking cash to bank

    SMEs spend 26 hours a year travelling to make cash deposits, according to Barclays Business research, which claims the wasted time has led to the loss of 93m hours across all UK small businesses. Some 27% of SME owners regularly put off taking their earnings to banks and 7% admit keeping their cash in a […]

  • Financial services optimism falls while volumes rise

    Forty-eight per cent of UK financial services companies questioned in a quarterly survey by the CBI and PwC said that business volumes were up since Britain voted to leave the EU and 13% said that they were down during the three months to September, generating a positive balance of 34%, up from 22% in Q2 […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 5 months ago

New blog articles detected

  • SMEs see business plans shift following Brexit vote

    The research shows that two thirds of UK SMEs have had to change, or are in the process of changing their plans, which range from hiring to investing in growth opportunities. While the majority of SMEs surveyed have felt no impact to business levels yet as a result of Brexit, many are looking ahead and […]

  • Small Talk: Start-ups that steer clear of the five fatal traps have got a fighting chance

    There is no single secret of success that will guarantee your business makes it. But if you study those ventures that come up short, you’ll find the same mistakes recurring Will 2016 be the year you finally take the plunge? More businesses than ever before were launched in both 2014 and 2015, but still a […]

  • SMEs doing their bit for job growth

    The FSB has heralded the work of SMEs in creating jobs. The latest labour statistics, released today, reveal that employment is up by 174,000 jobs and unemployment has fallen to 1.63 million, down by 39,000 from the previous period. The FSB says that the figures show that, despite the challenge of meeting the demands of […]

  • UK interest rates left unchanged at 0.25%

    The Bank of England’s Monetary Policy Committee has unanimously voted to keep its main interest rate at 0.25%, but indicated it may cut rates further in the coming months. The MPC also acknowledged that in recent weeks, economic data coming out of the UK has been stronger than expected since August’s rate cut. Under a […]

  • No ‘Brexit effect’ in latest jobs data

    Economists have said the slight fall in UK unemployment to 1.63m, between May and July, shows there is yet to be a “Brexit effect” on the jobs market. The unemployment rate was 4.9%, down from 5.5% a year ago and little changed from last month’s rate, ONS data shows, with nearly three quarters of people […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 5 months ago

New blog articles detected

  • SME payments not dampened by Brexit

    Research from Moneycorp suggests that Brexit has done little to dampen the appetite of the UK’s exporters. The report reveals that total business overseas payments for existing clients who had traded before and after Brexit increased by 102%, while foreign exchange deals were up 106% in the eight weeks following the vote from the same […]

  • 96% of small business owners say they’ve been kept waiting by HMRC

    In a poll of SME’s carried out by Simply Business, 96% of respondents say they have been kept waiting on the phone by HMRC. This follows a NAO calculation in June which estimates that HMRC’s waiting times are costing small businesses around £97m a year. source: http://www.simplybusiness.co.uk/knowledge/articles/2016/09/96-per-cent-of-small-business-owners-have-been-kept-waiting-by-hmrc/

  • Confidence climbs in British business

    BDO’s latest Business Trends Report suggests British businesses are starting to regain their confidence, with a post-Brexit slump not as severe as expected. Business optimism, which predicts growth six months ahead, is up to 98.7 from 97.9, having fallen to a three-year low last month. Business output, which reflects companies’ current experience of orders, has […]

  • SMEs reluctant to access bank debt

    Despite widespread confidence in their ability to secure bank debt, small businesses increasingly prefer to operate under their own steam, according to the latest SME Finance Monitor. The quarterly research found that 36% of companies used external finance in the period covering April to June, down from 44% four years ago and almost half of […]

Antony Batty & Co LLP

Category: Content
Type: Blog Article

Generated 5 months ago

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