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The Latest Breaking News from Martin McTague

Quarter of small firms fear they cannot sustain financial shocks, survey finds

Research by HSBC also found two-thirds of company owners said they were not able to grow their business to meet customer demand in 2024.

Evening Standard

Businesses Struggle To Deal With 4.8% Drop In Footfall Amid Fascist Riots In UK

A series of riots targeting people of colour have broken out. Shops have been set on fire and small businesses are being forced to close.

International Business Times UK

Future PM must focus on EU trading relationship to fix Brexit damage, says business group

Federation of Small Businesses calls for future government to put ‘more emphasis’ on improved EU relationship

The Independent UK

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read the most diverse news in one place.

Multi-bank ‘super ATMs’ are being trialled across the UK

They will enable free cash deposits to customers

The Independent UK

Thousands of restaurants and pubs closing across UK blame soaring bills among pressures they face

Hospitality industry says it is crumbling under joint pressures of rocketing energy bills amid cost of living crisis, as well as after-effects of Covid and Brexit

The Independent UK

Thousands of businesses can’t afford crippling rates on taxpayer-backed Covid loans

Exclusive: Figures show £26bn was loaned out to around 100,000 firms under the government-backed scheme, but only one in four have paid off the debt

The Independent UK

Business confidence recovering but ‘dark clouds’ on horizon – survey

The Federation of Small Businesses’ (FSB) quarterly survey found sentiment was improving but small firms were still pessimistic.

The Independent UK

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NCSC launches free in-browser security threat checks for SMBs

SMBs across the UK can now access new tools aimed at reviewing their cyber security processes following the launch of two new services from the National Cyber Security Centre (NCSC). The cyber security centre has unveiled two new toolkits that it said are designed to “help millions of small businesses…

IT Pro

Fares capped at £2 to make buses ‘affordable for everyone’

More than 130 operators will charge no more than £2 for single tickets from Sunday until the end of March.

The Independent UK

Don't allow small firms to fail, says North East-based FSB chair

Martin McTague called on the Government to extend energy bills relief to small businesses

Birmingham Post

Small businesses owed £23,000 in late payments amid soaring energy bills

The Federation of Small Businesses said many small firms could be forced to shut down if they cannot pay their bills.

The Independent UK

Fears over UK high streets as energy bill hikes to force hundreds of thousands of businesses to close

Firms facing closure as gas and electricity costs multiply rapidly, industry leaders warn

The Independent UK

One in seven small firms set to shrink, sell or shut as cost pressures mount

77% of those surveyed don't expect their performance to improve over the coming quarter, with more than a third expecting it to worsen

Birmingham Post

Staff Covid absences costing businesses millions of pounds as UK cases surge

Smaller businesses and the healthcare sector are feeling the squeeze amid the current Covid wave, industry leaders say

The Independent UK

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The Guardian - UK

More than convenient: how local shops create good neighbourhoods

When it comes to making communities more inclusive, local businesses play an integral role

The Independent UK

Covid business loans ‘saved hundreds of thousands of jobs’

Anywhere from 500,000 to 2.9 million jobs might have been lost if not for the loans, reviewers found.

Wales Online

Cost of living crisis means half a million small businesses have 'weeks left before they run out of cash'

Employers need a helping hand to keep people in work, says the chair of the Federation of Small Businesses

The Guardian - UK

Almost 500,000 UK small businesses ‘at risk of going bust within weeks’

Federation of Small Businesses calls on Rishi Sunak for more support to deal with ‘ticking timebomb’

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Evening Standard

Banks ‘pulling up the drawbridge’ on small business lending

Limiting small firms’ access to finance risks stifling the economy, the Federation of Small Businesses warned

The Guardian - UK

Paperchase has been rescued but greetings card artists are losing thousands

When the British stationer went bust the new owner, Permira Credit, was able to shed the retailer’s debts to struggling suppliers

Birmingham Post

North East businessman takes lead at Federation of Small Businesses

Martin McTague says he wants to reduce costs for small businesses and get better treatment from larger firms

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