Earlier this week Mark Prisk spoke to the Summit for Small Business and explained how the government intends to help the five million SMEs, which includes umbrella companies, in Britain grow now that the recession is behind us.
The requirement for all employees to be enrolled automatically into a pension scheme is due to be implemented in 2012, but it seems there are still some aspects of the legislation that are causing concern.
The FSB is asking the government to do more to encourage competition in the banking sector. There have been concerns that the current lack of competition could lead us back into recession.
Vince Cable, the business secretary, has announced that the new ‘one in, one out’ system of regulations will come into effect as from the first of September this year, a move that has been welcomed by the FSB.
According to a new report published by Begbies Traynor, nearly 200,000 small businesses in this country are still struggling financially, even though the UK is now officially out of recession.