Every week we deliver the biggest news stories for small and medium businesses within the UK. With much of this week’s media coverage hot on the heels of the upcoming General Election, there’s speculation over what the outcome will mean for small business everywhere. As is customary with May, there’s also Bank Holiday-related news – read on to find out what’s new…
Feature of the Week
General Election 2015: Poll of polls| BBC News
There’s less than a week to go until the General Election 2015, and with 40% of people still undecided about which party they’re going to vote for, there’s a lot hanging in the balance for the leading parties.
The BBC’s notorious ‘poll of polls’ is keeping careful track of the parties’ current positions in terms of popularity, and offers comparison with their positions over the last few months. Check out the link above to see who is currently in the lead, and who is close on their tails…
Drop in UK’s economic growth: what the experts say | The Guardian
The UK’s economic growth rate has halved in just three months, dropping from 0.6% to 0.3%. While these figures can be revised as new data comes in, they’re currently frozen until after the General Election has taken place. Some are pointing out that this may be unwelcome news for the current coalition parties, as the public are still settling on their vote decisions.
Late payment and tax relief the big issues for small companies pre-election | SmallBusiness.co.uk
A survey has revealed small businesses’ top concerns in the run-up to the election, and it’s apparent that late payment from customers is the top of the list for SME pain points. Closely following comes a desire for increasing tax relief on investment, and a reform of the UK’s tax system. See what else other small businesses are concerned with in the piece above.
Are ‘bank holidays’ becoming a thing of the past? | Fresh Business Thinking
It’s been announced that over 100 bank branches will be remaining open this Spring Bank Holiday on Monday 4th May. These will include RBS and Natwest, who will be opening over 30 branches on the bank holiday for the first time, with Barclays and Metro Bank keeping many branches open as they often do. According to RBS, a significant number of customers want to discuss their mortgages and other affairs with the opportunity to be out of work.
Earlier this year, new EU VAT rules came in for sellers of online digital goods, affecting around 250,000 businesses (many of whom were SMEs and microbusinesses). The new rules for digital goods to be sold at local VAT rates meant many sellers were facing unprecedented charges, and so the change in tack from the EU will be welcomed. See the article above for full information.