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Companies should invest in training for low-wage workers, says IPPR

June 01 ,2016 | by Claire Payne

Companies should invest in training for low-wage workers, says IPPR

Companies that employ low-wage workers should invest in productivity-enhancing technologies and corporate training, according to the Institute for Public Policy Research (IPPR).

With the national living wage rising, the IPPR said that businesses are now cutting overtime, bonuses, and staff perks.

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Innovate UK to launch first women-only entrepreneurship competition

June 01 ,2016 | by Erin O’Neill

Innovate UK to launch first women-only entrepreneurship competition

Innovate UK is to launch its first women-only competition. The innovation agency will be giving female entrepreneurs the opportunity to share their innovative ideas and help the economy to grow.

The competition has been launched as part of a new initiative to bring more diversity into innovation and boost the UK economy. 

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More people working beyond retirement age, survey shows

May 31 ,2016 | by Thiago Kiwi

More people working beyond retirement age, survey shows

More people over the age of 65 are choosing not retire because they enjoy being in work, according to a new survey.

The research, which was carried out by insurance company LV=, found that nine out of ten people aged over 65 are happy to continue working; just one in ten felt that they need to carry on working for the money.

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Innovation centre for financial sector businesses opens in London

Innovation centre for financial sector businesses opens in London

An innovation centre for businesses in the financial sector has opened in London.

The hub, set up by Synechron, will focus on providing workshops for businesses that are committed to investing in digital transformation and technology.

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Facebook launches initiative to help women start businesses

May 31 ,2016 | by Helen Gould

Facebook launches initiative to help women start businesses

Facebook has launched an entrepreneurship initiative for women after research showed that more female businesswomen would help to boost the UK’s economy by £10.01 billion.

The social networking website has launched SheMeansBusiness to help more women set up their own company.

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Brighton and Cardiff SMEs working hardest this bank holiday

Brighton and Cardiff SMEs working hardest this bank holiday

Small and medium-sized businesses based in Brighton and Cardiff will be working the hardest this bank holiday, according to research conducted on behalf of SME finance solutions company LDF.

The survey found that 95 per cent of SMEs in these areas will be working. Glasgow was also found to have some of the hardest-working SMEs, with 94 per cent working this bank holiday. 

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Children surrounded by books will earn more, says study

May 29 ,2016 | by Helen Gould

Children surrounded by books will earn more, says study

Children who grow up surrounded by lots of books tend to be high earners, according to research from economists Giorgio Brunello, Guglielmo Weber and Christoph Weiss.

The research surveyed 6,000 men who were born in European countries during the mid-20th century and looked at how many books they had in their home. 

 

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Apple tops list of biggest tech companies of 2016

Apple tops list of biggest tech companies of 2016

Apple has topped the list of the biggest tech companies in the world. The company achieved a revenue growth of 28 per cent, increasing to nearly $234 billion last year.

According to the 2016 Forbes Global 2000, which ranks businesses based on their revenue, profit and assets, Apple is now the fourth largest company in the US. 

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Britain’s future in the EU debated at Institute of Directors

May 27 ,2016 | by Claire Payne

Britain’s future in the EU debated at Institute of Directors

British MPs Iain Duncan Smith and Stephen Kinnock went head-to-head in an EU Referendum debate in Central London on Wednesday night.

The Brexit Business Case Debate took place at the Institute of Directors on Pall Mall in Central London, where Conservative MP for Chingford and Woodford Green Iain Duncan Smith was joined by former Director General of the BCC, John Longworth, both of whom support the 'Leave' campaign. CBI President, Paul Drechsler CBE, sat alongside Labour MP for Aberavon Stephen Kinnock representing the 'Remain' camp.

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SMEs leading the way on cost cutting

May 27 ,2016 | by Helen Gould

SMEs leading the way on cost cutting

SMEs are more cost-conscious and spend more time comparing prices than larger businesses, according to research from Applegate PRO.

The research, which surveyed 726 SMEs, found that they are more careful with their spending, enabling them to make considerable savings.

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Companies working hard to address skills gap, says bank

Companies working hard to address skills gap, says bank

Companies are working hard to tackle the skills gap, and those who have not already done so should act now, according to specialist lending and savings bank Aldermore.

The bank’s report, which was conducted in conjunction with YouGov and CEBR, showed that just 29 per cent of businesses are not suffering a skills gap.

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Research reveals best place to start a business

Research reveals best place to start a business

New research from Vonage has shown the best locations in the UK for entrepreneurs and fledgling companies.

The study shows the survival rate of start-ups since 2014, when over 500,000 new companies were launched. Graduate pools in local areas, broadband speeds and property prices were also looked at in the research. 

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Royal Mail launches online mailshot tool to help small businesses

Royal Mail launches online mailshot tool to help small businesses

Royal Mail has launched a mailshot tool for small businesses. The company has created the online tool to enable businesses to easily connect with their customers.

Businesses will be able to create their own mailshots from 49p, which they will be able to have delivered to customers within three working days. The mailshots can be sent to any location in the UK.

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British Business Bank launches £30 million funding pot

May 25 ,2016 | by Claire Payne

British Business Bank launches £30 million funding pot

The British Business Bank has launched the first instalment of a funding scheme to help businesses to grow.

The Help to Grow programme will provide loans of up to £200 million to small businesses to encourage growth and innovation. The first £30 million instalment of the funding has now been made available to growing businesses.

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Traditional office life no longer relevant, according to report

May 25 ,2016 | by Helen Gould

Traditional office life no longer relevant, according to report

Over 70 per cent of workers believe that traditional office life is no longer relevant, according to a report from computer software company TeamViewer.

The report, titled “The End of Nine-to-Five”, showed that UK office workers feel that a traditional nine-to-five job is no longer necessary, with more people now wishing to work remotely instead. 

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Heathrow expansion will boost Britain’s economy, believes airport’s chairman

May 24 ,2016 | by Hari Sri

Heathrow expansion will boost Britain’s economy, believes airport’s chairman

The expansion of Heathrow Airport’s runway will help to boost Britain’s economy, according to Lord Paul Deighton.

Heathrow Airport’s new Chairman made his first official visit to Liverpool John Lennon Airport (LJLA) yesterday and highlighted the benefits of an expansion in an election-style manifesto. 

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Financial education should be taught in primary schools, say UK MPs

May 24 ,2016 | by Helen Gould

Financial education should be taught in primary schools, say UK MPs

Financial education should be taught in primary schools, MPs have said.

A report released this week called for the subject to become compulsory in primary schools to enable children to learn day-to-day financial skills.

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British parents want to start their own businesses, report shows

British parents want to start their own businesses, report shows

Over 60 per cent of British parents want to set up their own business, according to a survey carried out by the Start Up Loans Company.

The research, which surveyed 2,000 adults aged 18 and over, found that the majority of parents want to quit their current job and start up their own business as it would provide them with a better work-life balance. 

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South Lakeland business service helps young entrepreneurs

South Lakeland business service helps young entrepreneurs

A business service in South Lakeland is helping young local entrepreneurs to succeed.

The programme, which is run by South Lakeland District Council (SLDC), focuses on helping businesses to grow by providing them with expert business advisors.

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Business owners will base EU decision on facts, says report

May 22 ,2016 | by Claire Payne

Business owners will base EU decision on facts, says report

Over 50 per cent of business owners say that they will base their decision on whether or not the UK should leave the EU on facts, according to a report by software company Sage.

The report showed that the majority of business owners are not interested in what celebrities or politicians think about the upcoming EU, with 56 per cent saying that facts will have the biggest impact on their decision. 

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Employment rate reaches record high after changes to retirement age

Employment rate reaches record high after changes to retirement age

Employment rate for women reached a record high in March, increasing to 31.58 million, according to the Office for National Statistics (ONS).

The ONS stated that the increase could be linked to the Government making changes to the retirement age for women to keep them in work for longer. 

 

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Over 4 million UK residents now self-employed, according to ONS

May 20 ,2016 | by Thiago Kiwi

Over 4 million UK residents now self-employed, according to ONS

Over 4 million people in the UK are now self-employed, according to the latest figures from the Office of National Statistics (ONS).

Figures showed that the number of self-employed people increased by 182,000 from January to March. The total number of self-employed people in the UK now stands at 4.69 million, with self-employed workers accounting for 15 per cent of the workforce. 

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Capital One launches tech accelerator for financial sector start-ups

Capital One launches tech accelerator for financial sector start-ups

Capital One is to launch a tech accelerator for early-stage start-up businesses. The credit card company will be launching the Capital One Growth Labs in Nottingham in partnership with L Marks, which brings together established businesses and growing companies.

According to Capital One, the hub will “shape the future of finance”, supporting start-ups in the financial sector to help them develop innovative technologies. 

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British women want to start their own business, survey shows

May 19 ,2016 | by Helen Gould

British women want to start their own business, survey shows

Over 50 per cent of British women would like to give up their job and become self-employed, according to new research.

The survey, which was conducted on behalf of the Start Up Loans Company, highlighted the main reasons why women would like to run their own business and identified the top business sectors in self-employment.

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Study reveals most in-demand jobs in Britain

Study reveals most in-demand jobs in Britain

Britain’s most in-demand jobs have been revealed by Adzuna. The website, which brings together millions of job ads to enable jobseekers to find their ideal role, revealed the top sectors for highly skilled job hunters.

Research showed that 40 out of 56 cities have more jobs available than the number of people searching for jobs. However, sectors such as retail, manufacturing and logistics have experienced a drop in the number of roles available. 

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