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.
New data collected by a recruitment financer has revealed that the most deleterious effects of the global economic downturn are still to come for small and medium sized businesses.
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.
The REC’s Technology sector group recently invited London 2012 Head of Recruitment, Paul Modley, to speak about the challenges and opportunities that lie ahead during the countdown to the Olympic Games.
SMEs and umbrella companies have been struggling to get much needed finance from the banks and Vince Cable has now put forward the government’s proposals to force the banks to make more funds available for small companies.
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.