LSBF Blog - Global Matters

Employees’ financial well-being overlooked, according to CBAM

June 15 ,2016 | by Claire Payne

Employers in the UK are overlooking the financial well-being of their staff, according to the Close Brothers Asset Management Business Barometer.

The research, which surveyed nearly 900 employers across the UK, found that nearly half of employers have no financial well-being strategy in place. 

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SME employers value soft skills, according to survey

June 15 ,2016 | by Helen Gould

SME employers are focusing less on age and academic achievement and are instead searching for candidates with soft skills gained through hands-on experience, according to eBay’s Soft Skills Index.

The index, which was published in partnership with YouGov, found that over half of SME employers value hands-on experience above anything else, whilst seven in ten recruiters believe that having soft skills is more important than having a degree. 

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Small businesses could lose £12000 a day without a smartphone, shows survey

Not having a smartphone for a day could result in a small business losing up to £12,000, according to a survey from Vodafone.

The report, which was conducted by YouGov on behalf of Vodafone, surveyed over 1,000 small and medium-sized businesses from the UK and found that not having a smartphone could cost each business four opportunities worth £3,000 each in a day. 

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RateSetter to help SMEs become more productive

RateSetter is to help SMEs by providing business loans. The peer-to-peer lending company, which connects investors with lenders, has so far helped individuals and sole traders, facilitating £1.3 billion of lending.

The company has now hired a specialist team to enable it to break into business loans. The service is being backed by the Government and supported by the British Business Bank. 

 

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Government launches new group for entrepreneurs

The Government has launched a new group to provide more support for entrepreneurs and encourage more people to set up their own business.

Business Secretary Sajid Javid has created the All-Party Parliamentary Group (APPG) for Entrepreneurship to help limited company contractors and small business owners resolve their business problems.

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Britain’s digital crisis costing UK £63 billion, according to report

Britain is in the midst of a digital crisis that is estimated to be costing the UK economy £63 billion in lost income, according to a government report.

The report, which was presented in the House of Commons by the Science and Technology Committee, found that millions of people in the UK lack basic digital skills. 

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Small northern cities contribute £82 billion to UK economy, shows report

June 13 ,2016 | by Hari Sri

Small and medium-sized cities (SMCs) in the North contribute £82 billion to the UK economy, according to a report from think tank IPPR North.

The report, City systems: the role of smaller towns and cities in growing the Northern Powerhouse, found that the North’s SMCs contribute more to the UK than Wales and Ireland combined and make up a third of the northern economy. 

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ACCA publishes financial guide for entrepreneurs

The Association of Chartered Certified Accountants (ACCA) has published a financial guide for entrepreneurs.

The report, entitled Financial management and business success – a guide for entrepreneurs, has been launched to help entrepreneurs understand how financial management can help their business and offers advice on how to successfully grow a business. 

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British workforce confident in their skills, according to survey

June 11 ,2016 | by Helen Gould

The majority of British workers feel confident about their skills, according to The City & Guilds Group’s first Skills Confidence Report.

The report, which surveyed 8,000 works from the UK, US, South Africa and India, found that British workers do not feel threatened by the expected rise in automation and artificial intelligence. 

 

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York voted UK’s top spot for freelancers

June 10 ,2016 | by Helen Gould

York has been named the UK’s top spot for freelancers in a report by PeoplePerHour.com.

The research identified where the UK’s freelance workers and contractors are based, and found that York has the fastest-growing number of self-employed people.

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Accelerator to help entrepreneurs tackle cybercrime

A government-backed cyber security accelerator is searching for entrepreneurs looking to combat cybercrime.

The HutZero accelerator, which is run by Cyber London (CyLon) and the Centre for Secure Information Technologies (CSIT), will also give entrepreneurs the opportunity to learn new skills that will enable them to start up their own cyber security company. 

 

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Small businesses join forces to encourage EU ‘in’ vote

June 09 ,2016 | by Claire Payne

Several small businesses have teamed up to become part of a campaign to encourage other small businesses to vote for the UK to remain in the European Union.

The businesses cover a range of sectors and have been chosen for the campaign to show the diversity of the UK’s small businesses.

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One in 30 people are now business owners, according to research

One in 30 people in the UK own a business, according to research from Direct Line for Business.

The research looked at the number of microbusinesses in the UK and found that they represent 89 per cent of all UK businesses.

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Cyber security an excellent career choice, says ISACA

June 08 ,2016 | by Hari Sri

Cyber security is an “excellent career choice” for developing technical and business skills, according to ISACA.

ISACA’s 2016 Cyber Security Perceptions study looked at the perceptions of cyber security as a career and explored cyber security awareness in organisations. 

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Pension startup secures £3.3 million in funding

A London-based startup company has secured £3.3 million in funding to enable it to expand its customer base.

Smart Pension is an auto-enrolment pension company that provides pension solutions for small businesses. 

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SMEs encouraged to apply for Goldman Sachs initiative

SMEs are being encouraged to apply for an initiative launched by global investment banking company Goldman Sachs.

The “10,000 Small Businesses” UK initiative was first launched in 2010 to help provide support for small companies.

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Top employers for school and college leavers revealed

June 07 ,2016 | by Helen Gould

The 100 companies that were voted the top UK employers in a nationwide survey were revealed at London’s City Hall on Sunday.

The results were announced as part of the AllAboutSchoolLeavers.co.uk’s Top 100 Employers for School & College Leavers 2016 awards ceremony, with categories including training, company culture and career development. 

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Entrepreneurs planning to expand workforce, according to survey

More than six in ten entrepreneurs in the UK are planning to increase their workforce, according to the EY Global Job Creation Survey 2016.

The research surveyed over 400 entrepreneurs and found that 63 per cent are expecting to add to their payrolls over the next 12 months, up from 44.5 per cent who expected to increase their hiring in the same period last year. 

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More people starting up business to tackle unemployment, survey shows

More people are choosing to start up their own business to tackle unemployment, according to a survey from AXA.

The research showed that 30 per cent of businesses were created in the past five years as a result of redundancy or long-term unemployment.

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£90 million to be spent on UK’s coastal businesses

Businesses and entrepreneurs across Britain’s coast will soon be able to bid for a share of £90 million in Government funding.

This fund is part of the Government’s plans to help businesses in these areas thrive, with the first round of funding released in 2012.

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Small businesses to invest more over next 12 months

Over 60 per cent of small businesses are planning to increase their spending over the next 12 months, according to research from eBay.

The ecommerce company found that two-thirds of small businesses in the UK are expected to ramp up investment through 2016-17, with 45 per cent placing more focus on marketing. 

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Finance and accounting jobs continuing to rise, research shows

June 03 ,2016 | by Thiago Kiwi

Jobs in the finance and accounting sector continued to rise in the first quarter, according to research from the Association of Professional Staffing Companies (APSCo).

The research showed that vacancies continued to increase by 10.2 per cent year-on-year in the months leading up to March, despite warnings that a Brexit could result in thousands of job losses in the sector.

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Most desirable jobs in the finance sector in 2016 revealed

June 03 ,2016 | by Hari Sri

The most desirable jobs in the finance sector in the UK in 2016 have been revealed by eFinancialCareers.

The website, which lists a wide variety of finance and banking jobs, named the most popular individual jobs, along with the sectors that have received the most applications and the desired skills for each job role. 

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International trade expected to boost SME growth by 25%, survey shows

According to research from EE, international trade will boost the growth of Britain’s SMEs by 25 per cent. 

The EE SME International Ambitions survey interviewed 1,000 businesses, as well as identifying the top target markets for small businesses.

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Brits are amongst world’s happiest workers, according to survey

June 02 ,2016 | by Claire Payne

UK employees are amongst the happiest workers in the world, according to the 2016 Edenred-Ipsos well-being work barometer.

The survey, which is carried out annually, studied 14,400 employees in 15 countries and found that over 70 per cent of employees in the UK feel positive about their well-being at work. 

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