You don’t need to go scouring the web for your finance news as we’ve done it for you in one place. From EU news regulation changes that could affect your business to how crowd funding could be the thing to help you expand in the New Year, we’ve got it all right here.
Feature of the week
Black Friday, the biggest shopping day in the US before Christmas is slowly being adopted by more and more shops in the UK.
It started four years ago when the online store Amazon realised that many of their UK shoppers were noticing the great deals that their US counterparts were receiving. Now, according to a Visa estimate, spending on Black Friday in the UK will be up 22% on last year, with an estimated £1m to be spent on credit cards. To read the full article and for more information on how it can impact your sales, click here.
See more news that has caught our attention this week:
New EU VAT rules threaten to kill UK micro firms| The Telegraph
A new EU regulation, which is slated to come into force from 1st January 2015, invokes that VAT on digital products will be chargeable in the place of purchase rather than place of supply in the EU. With the latest EU VAT trading rules being announced, many UK small business firms are predicting that their revenue will be affected in the long run.
UK GDP growth powered by consumer spending as business investment contracts | The Telegraph
The Office for National Statistics (ONS) confirmed on Wednesday 26th November that the UK economy has grown by 0.7% between July and September, following a growth of 0.9% in the second quarter. Economists have also suggested that the weak growth in the Eurozone means that exports will remain weak for a protracted period which could affect Christmas sales.
How sanctions against Russia are hitting UK businesses | BBC
Introduced after Russia’s intervention in the Ukraine and the annexation of Crimea, sanctions imposed on Russia and then by Russia in retaliation are already affecting UK businesses. The sanctions have so far effected up to 20% of UK business exports, creating an increase of demand for exports elsewhere.
Crowd investing: Could you be backing the next Google? | BBC
Historically, gaining finance for small businesses was limited to bank loans, personal savings and the generosity of friends and family. Now technology has blown open the doors and given everyone a chance to gain investment from strangers.