This latest news round-up brings a host of new small business issues to ring in the New Year, including a detailed look at what the upcoming election brings for SMEs, and a new milestone for the government’s Start Up Loan scheme. Speaking of ringing, one unique small business is celebrating a very special anniversary – scroll to the bottom to find out who, how long and why…
Feature of the Week
It’s 2015, and that means that come May the 56th Parliament of the United Kingdom will be elected. This piece, from Gareth Jones of The Guardian, breaks down in detail what SMEs can expect from the party manifestos, including small and medium business access to finance, the economy and general support and regulation. Take a read if you’ll be voting with your small business in mind.
And in other news this week…
Government scheme approves 25,000th small business loan | Smallbusiness.co.uk
It’s a huge milestone for the government, as their 25,000th loan for start-ups has been approved. The Start-Up Loan scheme launched in 2012, and it’s said that more than 32,000 new jobs have been generated as a result. Find out who was the lucky recipient of the 25,000th loan in the report above.
Government blame EU payments for higher than forecast borrowing | The Independent
A video round-up from The Independent presents the Treasury’s theory as to why public borrowing was even higher in December than they had anticipated – and apparently, a huge one-off payment to the EU is to blame.
There was a sharp jump for sterling against the Euro this January, as it rose in value by 1.9%, making the Euro worth 74.4p. The BNP Paribas, a French bank with headquarters in London, remarked that the pound is a “relatively attractive vehicle for expressing a bearish euro view,” – and more in the market report above.
You might not believe it, but Britain’s longest standing manufacturer is actually a SME with just 24 employees. The Whitechapel Bell Foundry was established in 1570 and is famous for casting many famous bells including Big Ben and the Liberty Bell in Philadelphia. This interview with the current director Alan Hughes gives an insight into how they remain successful in today’s modern retail market.