February week 1 – Important News Roundup
Obp Chartered Accountants | 07/02/2020
At Obp, we want to share with you some of the most important news in business happening this week. These are the articles we think have been the most interesting reads over the last few days, so take a look at the snippets and follow the links over to their websites to find out more:
Budget must address “critical” skills shortages
Rachel Miller, Moneydonut
Almost three-quarters of UK firms looking to recruit have struggled to find the right talent, a new survey of employers has found.
The latest Quarterly Recruitment Outlook from the British Chambers of Commerce (BCC), in partnership with Totaljobs, has highlighted the serious skills shortages in the UK workforce, describing the situation as “critical”….
Insights for small businesses on how to navigate uncertainty post Brexit
Volatile currencies, tariffs and customs checks are just some of the uncertainties if the EU and UK cannot agree a trade deal.
Brexit was officially set in motion last month and the UK’s withdrawal from the European Union is already underway. From January 31, 2020 until the end of December 2020, the UK and EU will be in a transitional period of alignment with the EU during which both parties will hopefully negotiate new trading agreements…
Santander launches mentoring for women in business: Three female entrepreneurs on how a similar scheme provided a crucial boost to their ventures
Jayna Rana, ThisIsMoney
There has been a rise in female mentoring schemes following the Alison Rose Review and Investing in Women Code. Santander is to launch its Women Business Leaders’ mentoring programme for 90 female entrepreneurs – and is still accepting applications until 6 February Winners of Sky’s Women in Tech scholarship share how mentorships have helped them develop their small businesses…
More than four in 10 businesses could phase out contractors due to IR35
Anna Jordan, Smallbusiness
A number of business owners said that they will take ‘drastic action’ when procuring contractors because of incoming IR35 rules.
New research reveals that as many as four in ten businesses (41pc) will review their strategy around contractors come April 2020 when IR35 is introduced.
The survey from bedigitaluk.com is part of ongoing study into the way that British businesses are preparing for the IR35 legislation…
UK firms demand shake-up of ‘inflexible’ apprenticeship system
Julia Kollewe, The Guardian
Government expected to miss target of 3m new apprenticeships pledged by Tories in 2015.
Business leaders are demanding a shake-up of the UK apprenticeship system, after official figures suggest the government will miss its target for new apprentices.
As National Apprenticeship Week gets underway on Monday, business groups are calling for changes to the system to give small businesses desperately-needed funding so they can take on and train more apprentices…
Barclays backs SMEs with largest-ever loan cash-back scheme
Barclays has today announced the launch of a new cashback scheme for term loans to eligible SME borrowers in the UK. Backed by a £450 million ENABLE guarantee from the British Business Bank, the scheme is the largest of its kind to launch in the UK.
The ENABLE programme helps banks to increase their lending to smaller businesses by reducing the amount of capital required to be held against it….