LSBF Blog - Global Matters
Growth in bonuses is outstripping the average increase in salary in accountancy roles as employers make retaining top talent a priority, according to data from the Chartered Institute of Management Accountants (CIMA) and finance recruitment agency Global Accounting Network.
The data showed that average salaries increased by 1.9 per cent, up from £62,791 in 2015 to £63,991 this year, whilst average bonuses saw a much bigger increase, up from 8 per cent of annual salary to 12 per cent over the same period.Read more >>
Research from Virgin StartUp has found that the UK’s start-up community generates over £196 billion each year for the economy.
The report, entitled The Start-Up Low Down: How Start-ups are Changing Britain, found that 40 per cent of businesses were founded in the past three years.Read more >>
Innovate UK has celebrated 15 of the UK’s most innovative women at an awards ceremony at London’s Royal Society of Arts.
The Innovate UK awards, which was launched in May this year, will be awarding £50,000 and a tailored business package to each of the winners.Read more >>
A business pitch competition has been launched to give female entrepreneurs in Scotland the opportunity to secure angel investment.
Organised by Investing Women, and in its second year, the AccelerateHER competition is open to female entrepreneur-led businesses throughout Scotland and is the only pitch competition for women in the country.Read more >>
London-based lender Wirefund will soon be providing financial support for an additional 3.6 million British businesses.
The company has expanded its service after receiving approval from the Financial Conduct Authority (FCA).Read more >>
A report by Fujitsu has found that over 90 per cent of European entrepreneurs believe that their business must evolve in order to succeed.
The research found that 60 per cent of the respondents believe that digital disruption is the biggest challenge that their business is currently facing.Read more >>
Google is to offer free digital skills training to everyone in the UK to help them make the most of the company’s online tools.
The new programme, which is set to launch next year, will provide support for individuals and businesses across the country.Read more >>
Over 50 per cent of business owners in the UK believe that Britain’s exit from the EU will help to boost entrepreneurship, according to a study from Amway.
The Global Entrepreneurship Report showed that the referendum has not dampened entrepreneurial spirit, with over 65 per cent of businesses believing that a single economy is good for business.Read more >>
Entrepreneurial performance in the UK is higher than ever before, according to Barclays’ Entrepreneur Index.
The index showed that entrepreneurial performance had increased by 10 per cent since 2011.Read more >>
Over 10 per cent of business owners turn to business websites for advice, according to research from small business support company Informi.
The research, which surveyed over 500 business owners, found that business websites are the third main source of information for small businesses, with the main source being accountants at 22 per cent, followed by Google at 19 per cent.Read more >>
The number of female inventors is on the rise, with an increase of 60% worldwide since 2000, according to research from the Intellectual Property Office.
The research showed that the number of female inventors in the UK has risen by 16% over the past ten years, with Taylor Wessing’s Global Intellectual Property Index recently naming the UK as the best place in the world to patent.Read more >>
The United Kingdom has been ranked eighth out of 137 countries worldwide and fifth out of 41 European countries for starting a business in a report from Global Entrepreneurship Week.
The Global Entrepreneurship Index 2017, which was produced by the Global Entrepreneurship and Development Institute, gave the UK an over-all score of 71 per cent, making it one of the top ten places in the world for starting up a business.Read more >>
Flexible working has been named one of the three most important priorities for employees when they are presented with a package of benefits, cited by over three quarters of respondents in a survey by BT.
The company’s Mobile multiplier report surveyed 1,528 employees in offices throughout the UK, France, Germany and Spain, and similarly found that over 65 per cent of respondents consider being able to work independent of location and use good technology flexibly better benefits than a company carRead more >>
The Building Small Business Britain report has found that an initiative set up by finance company Goldman Sachs has had a positive impact on the growth of small businesses in the UK.
The report assessed 933 companies that graduated from the 10,000 Small Businesses UK programme in 2010 – 2015 to see how the initiative impacted their growth.Read more >>
Over 20 female finalists for this year’s NatWest everywoman Awards have been announced. The awards, which is in its 14th year, celebrate the success of female entrepreneurs in Britain, from women who are running an early-stage business to those who own a more established organisation.
This year’s finalists are from a diverse range of industries, including design, technology, professional services and manufacturing, and were selected for their drive, their appetite for risk and their focus on growing their business.Read more >>
Over half of small business owners in the UK do not use social media, according to a recent survey from Manta.
The research found that 76 per cent of business owners do not use Instagram to market their business, despite it currently being the most popular social media platform.Read more >>
BT has launched a competition for start-ups and small businesses to find new innovations that will help the company’s UK customers to feel more connected to their family, friends and communities.
The competition, which will be run by BT’s Infinity Lab, will give start-ups and small businesses the opportunity to present their ideas in a Dragons’ Den-style pitch to a panel of the company’s experts.Read more >>
The British Insurance Brokers' Association (Biba) has published a guide for small businesses to help them avoid under-insurance.
The new guide intends to help small businesses obtain the appropriate level of insurance cover to properly protect them against damage to or loss of their property, or injury caused to staff or others by their business.Read more >>
By 2026, accountants believe that tech skills will be required in order to succeed, according to a report from cloud-based accounting software company Xero.
The report showed that whilst the majority of accountants are aware of how important it is to keep up to date with new technologies, many of them are not investing enough time into developing skills to allow them to do so.Read more >>
Small business confidence is at an all-time high for 2016 in the UK, according to a study from Hitachi Capital Business Finance.
The study surveyed 1,006 small and medium-sized enterprise owners, questioning them on the outlook of their business for the coming three months, and found that business confidence has increased by 11 per cent from the last quarter.Read more >>
BT has boosted the UK economy by £23 billion in the last year, according to a report by Regeneris Consulting.
The report, which is titled The Economic Impact of BT and EE in the UK, showed the contributions that BT and EE, which BT has taken over, have made to the economy across England, Scotland, Wales and Northern Ireland in the financial year 2015/2016.Read more >>
An online financial technology lender has revealed that it will provide funding for SMEs by expanding to the UK.
Spotcap, which provides business loans and credit lines to SMEs, is hoping that the expansion will enable the company to help SMEs in the UK to grow.Read more >>
SMEs are set to contribute £217 billion to the UK’s economy by 2020, according to new research from the Hampshire Trust Bank.
The research, which was completed in collaboration with the Centre for Economics and Business Research (Cebr), identified the top ten cities for SME contribution to the economy.Read more >>
A new programme that aims to encourage more women to consider a career in technology is set to be launched this week.
The F-Disruptors programme was developed by CEO Debbie Edwards and set up in the North West by a group of women aiming to raise awareness of job opportunities in technology.Read more >>
Over 85 per cent of UK employees who have more good days at work feel appreciated, compared to 60 per cent who do not have as many good days, according to a survey from Robertson Cooper and the Bank Workers Charity.
The report, titled ‘What is a good day at work?’, surveyed 1,500 working adults from the private and public sector in the UK and looked at how good days are linked to employee wellbeing, including mental and physical health, personal development and job satisfaction.Read more >>