The majority of British people would choose to be in work even if they did not need the money, according to the British Social Attitudes survey.
The survey found that many Britons are happy to be in work, with over 60 per cent saying that they would like to take on a job that they enjoyed doing rather than staying at home, despite being stressed as a result of working longer hours.
As part of the LSBF Great Minds series, Chris Wakerley MBE, Managing Director and Co-Founder of KPMG Boxwood, discussed his experiences of business in an interview with Dr Steve Priddy, Head of Research at London School of Business and Finance (LSBF).
Mr Wakerley co-founded Boxwood in 2000. The company has worked across a range of sectors - including retail, infrastructure, private equity and life sciences – and was acquired by KPMG in 2015.
The British Business Bank invested £527 million into the UK’s small businesses from 2015 to 2016, according to its annual performance review.
The government-owned bank increased finance to small companies by 45 per cent in 2015 and now works with 90 finance partners to support over 48,000 businesses. The bank revealed that it took on nine new partners from 2015 to 2016.
More corporates are interested in collaborating with start-up businesses, according to a report from accelerator programme MassChallenge.
The report, titled The State of Startup/Corporate Collaboration 2016, surveyed over 200 start-ups and over 100 corporates from across Europe. It found that there is a “fundamental mindset shift” in relationships between start-up businesses and corporations.
Skills shortages are holding back businesses, with over two-thirds of businesses not feeling confident about filling high-skilled jobs in the future, according to this year’s CBI/Pearson Education and Skills survey.
The survey highlighted the areas in which there is a skills shortage, with sectors such as construction, manufacturing and professional services being affected.
Cyberattacks cost UK companies £34.1 billion in the past year, according to a study commissioned by internet services provider Beaming.
The research revealed the most serious cybersecurity threats to businesses, with managing malware costing £7.5 billion last year and data incidents costing £6.2 billion, compared with the financial impact of burglary, which cost £5.8 billion over the same period.
A record number of companies are being set up every hour, says StartUp Britain's research.
Their research showed that 342,927 new companies registered with Companies House this year between January and June. This means 80 companies are being set up each hour, already beating last year’s record pace of 70 new company registrations per hour.
Small businesses in the UK are taking risks when hiring and managing staff, according to research from job marketplace Jobandtalent.
The research, which surveyed 500 small and medium-sized enterprise (SME) owners found that businesses are at risk as a result of a lack of HR expertise, with only 37% having a good understanding of employee rights and regulations.
Digital skills will be made a core subject under a new government plan. The Department of Education and the Department for Business, Innovation and Skills have announced the Post-16 Skills Plan, which aims to provide young people with digital skills needed for the workplace.
Under the new plan, post-GCSE students will have the option of learning digital skills through a technical pathway or through an academic pathway.