August News Archive

Managers Seek Help on How to Sack Staff - A number of recent reports out this week have highlighted that an increasing number of firms are seeking assistance regarding the legality of making their staff redundant. As the global economic conditions continued to deteriorate, more and more businesses are expecting to cut staff costs and make more people redundant....

Consumer Personal Debt Rises above GDP - Personal consumer debt (made up of mortgages, loans and credit cards) has increased by 5% over the last year, to a staggering £1.41 billion. This is greater than the entire United Kingdom's gross domestic product (GDP)...

UK Small Businesses Face Cashflow Problems - A number of recent reports out this week have highlighted that an increasing number of firms are getting into cash flow difficulties as a result of the economic downturn. It is becoming more more difficult to refinance the company that is in financial difficulties....

Increase in Home Working for Small Businesses - an increasing number of UK small businesses are responding to the credit crunch by closing offices and making their staff work remotely from home. Worries over the future of the economy from already cash strapped businesses are forcing them to look for new ways to cut costs and save money

Small Business Suffering from Economic Slowdown - a number of recent surveys have revealed a sharp rise in the number of business failures and a fall in the level of business confidence and optimism in the owners of small and medium sized enterprises...