Funding, finance & debt – BackinBusiness

The cure for many small businesses remains worse than the disease

What a drag! For many of us the past four weeks of lockdown have been interminable, coming hard on the heels of the four months lockdown we were all subjected to earlier this year.

Chancellor says the Economy has had long-term scarring in a dire assessment of the effect of Covid 19 – but his strategy for recovery is underwhelming!

I think we all knew it was bad, but now we know officially. First the Office of Budget Responsibility (OBR) published its forecasts for the UK economy and then the Chancellor laid out how dire the situation is, in the House of Commons as he delivered his one year Comprehensive Spending Review.

Entrepreneurship “in jeopardy” after hitting new high pre-Covid

New Global Entrepreneurship Monitor report shows UK early-stage entrepreneurship hit a new high in 2019
Nearly 1 in 10 working age adults were in the early stages of starting or running a business, with women catching up with men
Progress threatened by Chancellor’s decision not to provide financial support for three million entrepreneurs

BackinBusiness podcast ep 25 - entrepreneurs

Podcast: Entrepreneurs at risk

The chancellor is due to shake the magic money tree this week and decide on which department gets how much to spend over the next year. If there’s nothing in the piggy bank for entrepreneurs their skills, innovation and expertise will be lost just when we need them most.

Think like Santa Mr Sunak: the retail sector needs a shot in the arm for all our sakes

More than any other, the retail sector has suffered from the effects of the Covid-19 lockdown. The casualty list seems never ending and the situation is likely to get worse before it gets better.

There’s trouble ahead. Will the calvary or a new sheriff save us?

Now we know what many of us expected. The economic recovery is petering out, before we consider the impact of our November lockdown.

Figures galore all add up to bleak jobs prospects over the winter

A million UK self-employed are planning to give up after seeing their earnings decimated by Covid-19 according to a survey from the London School of Economics.

The second lockdown risks an insolvency tsunami

GUEST AUTHOR: Mark Hart – Aston Business School, Professor, Economics, Finance and Entrepreneurship, Deputy Director, Enterprise Research Centre (ERC, and adviser to BackinBusiness.org.uk.

The Chancellor’s finally listening but not hard enough…

Here on BackinBusiness.org.uk we have consistently urged the Chancellor to extend the Furlough scheme (posh name – the Jobs Retention Scheme) for those companies which have been impacted by the COVID-19 pandemic.

Podcast: It’s everyone’s business

Whether you’re doing business in Wales, Scotland, Northern Ireland or England, you’re facing restrictions. Some are just starting while others are coming to an end and there are tiers upon tiers to navigate. But ultimately the result is the same: small businesses are taking a hit with many fearing for their futures.

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