Over 300,000 SMEs to cut jobs to cope with National Insurance hike, survey finds
The survey by iwoca found that 22% of SME leaders said they will reduce company headcount to cope with the hike.
Nearly half of SMEs will be negatively impacted by NIC hike, finds Shawbrook
As a result of the NIC hike, a third (33%) of business leaders said they will or already have had to increase the price of the goods or services they are offering.
Government launches new support for SMEs benefitting from defence investment
This investment aims to protect UK citizens from threats at home, but also create a secure and stable environment in which businesses can thrive.
Small firms call for £3,000 incentive to help hire new talent
Among small firms that already employed apprentices, 73% said the increased financial support could enable them to hire more in the future.
HMRC to recruit 5,000 tax inspectors in £6.5bn compliance push
HMRC is set to recruit 5,000 additional tax inspectors as part of a compliance drive aimed at narrowing the tax gap.
British Business Bank funds 209,000 businesses since 2014, report finds
The Power of 10: 10 Year Impact Report reported that the Bank has delivered over £32bn in supporting 209,000 SMEs.
UK SMEs called to apply for major Government export awards
The Department for Business and Trade’s (DBT) Made in the UK, Sold to the World Awards are open for SMEs to enter until 9th March.
92% of small employers concerned about Employment Rights Bill, plan to cut hiring, survey finds
The Bill has raised fears that it will harm recruitment and drive up the Government’s benefits bill.
Lib Dems call for Labour to scrap National Insurance hike for SMEs, protect local employers
46% of people anticipate that the number of SMEs in their local area will decrease as a result of the recent NICs.
Small Business Commissioner reveals plans to address late payments, save firms £22,000 a year
A new Fair Payment Code has been launched to address the problems with late payments.
Quarter of SMEs consider cutting jobs to cope with Budget fallout – GPA
National Insurance contributions will increase from 13.8% to 15% in April 2025.
One in two SMEs concerned their business won’t survive the next 12 months
It’s not all doom and gloom. Nearly three-quarters (70%) of business founders responding to the study said they are looking to expand in the next six months, with more than a third (37%) planning to increase their products or services and 22% planning to raise new funds or investment.
