Appetite for saving grows

The number of people planning to save over the next 3 months increased from 16% in spring 2013 to 18% in spring 2014, according to National Savings & Investments (NS&I). The NS&I’s quarterly savings survey revealed that the number of people unlikely to save fell from 22% in spring 2013 to 18% in spring 2014.[…]

SME overseas sales growth predicted

Overseas sales for small and medium-sized firms (SMEs) are predicted to total £15 billion over the next 12 months, according to a survey by Clydesdale and Yorkshire Banks. The poll of more than 1,000 SMEs found that overseas sales account for 21% of the turnover of existing exporters. This figure is expected to rise to[…]

Overtime normal for most managers

More than 90% of managers work more than their contracted weekly hours, according to research from the Institute of Leadership and Management (ILM). Nearly two thirds (65%) of respondents to the ILM’s survey reported pressure to work overtime, while 44% said they were under pressure from their boss. The survey of more than 1,000 ILM[…]

A quarter want to be entrepreneurs

More than a quarter of employees dream of running a business, according to a survey from Lloyds Bank Insurance. The report reveals that 26% of workers have entrepreneurial aspirations but the fear of taking a risk is preventing a third from starting a business. Nearly half (48%) believe that the economic environment is not strong[…]

VAT accounting schemes

This guide looks at how the 3 main accounting schemes work and how they can help businesses. Special VAT accounting schemes for small businesses have been available for a number of years, but they are still underused. The 3 main schemes are: cash accounting, annual accounting and the flat rate scheme. The cash accounting scheme[…]

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Economic update: August 2014

This guide looks at key UK economic indicators and the economic prospects for the coming months. Following a period of faster than anticipated growth at the end of 2013, the economy has continued to strengthen with consistent growth throughout the first half of 2014. Gross domestic product (GDP) increased 0.8% in the second quarter of[…]