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Government helps older savers aged over 55

March 20, 2014: The Chancellor has proposed a series of radical reforms to the pension system, giving people unprecedented freedom over how they draw their pension. Currently investors aged 55 or over can normally take up to 25% of their pension as tax-free cash and a taxable income from the ...
Posted on Mar 20, 2014 at 10:31

Budget helps small businesses and start-ups

March 20, 2014: A wide range of measures were announced in the UK’s 2014 Budget today, but SMEs are likely to benefit the most from a range of tax breaks and investment schemes. Britain’s GDP is forecast to grow by 2.7 per cent this year, with similarly strong growth predicted unt...
Posted on Mar 20, 2014 at 10:25

Small businesses get back to sales levels of 2007

March 17, 2014: THE income of small businesses at the end of 2013 was at its highest since before the start of the 2008-2009 recession, research from Barclays Business Banking has revealed. Data on the total quarterly income for current accounts of Barclays’ small business customers als...
Posted on Mar 17, 2014 at 10:25

Confidence high among small businesses

March 13, 2014: Small businesses in the UK are optimistic about their prospects, according to new figures. Data from the Federation of Small Businesses (FSB) shows that individual businesses and contractors have enjoyed an improvement in conditions over the past 12 months and are now looking ...
Posted on Mar 13, 2014 at 10:36

21% of over 75s still paying off their mortgages

March 13, 2014: Thousands of Britain’s oldest pensioners will not be able to rely on their homes to boost their income as they carry mortgages into their 70s. Research by the Personal Finance Research Centre (PFRC) has found that 21% of over-50s still owe money on their mortgage and the...
Posted on Mar 13, 2014 at 10:31

Small companies optimistic about hiring more people

March 11, 2014: An increasing number of businesses want to create jobs amid signs of continued economic growth, according to a report. A survey of almost 3,000 firms by the Federation of Small Businesses (FSB) showed one in seven optimistic about hiring staff, with one in 10 having recruited ...
Posted on Mar 11, 2014 at 11:05

Government to lend £40m to small businesses

March 2014: The government has pledged to lend a further £40 million to small businesses. Last March the state-backed British Business Bank began lending to small businesses through peer-to-peer lending platform Funding Circle. The Bank has exhausted its initial £20 million fundin...
Posted on Mar 5, 2014 at 15:53

£100k growth grants for Sussex SMEs

February 2014: Grants of up to £100,000 are available to small to medium sized businesses (SMEs) looking to expand in Sussex. Firms seeking growth but struggling with finance can get funding for up to 25% of a project’s cost. Coast to Capital Local Enterprise Partnership and G...
Posted on Feb 12, 2014 at 10:28

Small firms can apply for vouchers to help growth

February, 2014: Small businesses across the country are being given the chance to access new ‘vouchers’ to help them grow. The £30 million Growth Vouchers scheme, which is being launched by the Department for Business Innovation and Skills (BIS), is available to businesses w...
Posted on Feb 6, 2014 at 10:45

Crowd-funding lobbies for ISA status

February 5, 2014: Crowd-funding platforms that raise money for small businesses could get a massive shot in the arm in April under plans by the Treasury to enable them to offer greater tax efficiency. Representatives of the crowd-funding industry have begun talks over enabling savers to hold ...
Posted on Feb 5, 2014 at 12:06

£2.6m Mentor Challenge Fund launched to mentor UK small businesses

January 31, 2014: Small businesses in the UK will now be able to receive sector specific mentoring from thirteen projects that are participating in the GBP2.6m Mentor Challenge Fund, the Department for Business, Innovation & Skills (BIS) revealed on Wednesday. The projects have been award...
Posted on Jan 31, 2014 at 10:37

Small businesses could double their size

January 30, 2014: The Advertising Association’s exclusive report released today shows that SMEs account for 40 per cent of UK turnover, but only 18 per cent of ad spend, and this week the government launched its Growth Vouchers scheme to help small businesses get access to expert help. ...
Posted on Jan 30, 2014 at 10:39

Small businesses to recruit more people in 2014

January 27, 2014: Seventy-two percent of small UK businesses will recruit in the coming 12 months compared to just 56% in 2013, according to new research. A survey of more than 2,600 UK small businesses, by Peninsula Business Services the UK’s largest Employment Law consultancy, found ...
Posted on Jan 27, 2014 at 10:31

How workers over 50 add value to the workplace

January 24, 2014: It isn’t an easy task for any age group to find work sometimes. But workers over 50 have the most difficulty finding work of any age group. Before putting older workers out to pasture, employers should consider the benefits and skills that workers over 50 bring to the work...
Posted on Jan 24, 2014 at 12:43

Employment boost for the over 50s - but it is still hard for older people to find a job

January 23, 2014: More older people are finding - and staying - in work, according to the latest job figures. But it is still much tougher to get back into the employment market if you lose your job in middle age. While welcoming news of falling unemployment, Saga's director of communica...
Posted on Jan 23, 2014 at 11:08

Setting up a business in your 50s can 'keep you healthy'

January 22, 2014: Setting up a business in your 50s may keep you healthy in old age, according to cognitive neuroscientist, Dr Lynda Shaw. Shaw, who is also a business strategist, said changing jobs in your 50s is the ideal time because we naturally reinvent ourselves as we mature. She sa...
Posted on Jan 22, 2014 at 13:40

Over 50s cash in £1 billion from thrir homes in 2013

January 20, 2014: The amount of cash released from properties through 'lifetime mortgages' broke the £1billion barrier in 2013 - with some homeowners using equity release to clear interest-only loans they cannot pacy back. Figures from Key Retirement Solutions estimate that over...
Posted on Jan 20, 2014 at 11:23

Over 50s savings accounts are a rip off

January 16, 2014: There was a time when savings accounts aimed at people aged 50 and above paid better rates than accounts available to people of any age, but nowadays, this isn't the case according to the consumer champions Which? The best over-50s instant access savings account pays le...
Posted on Jan 16, 2014 at 11:06

Rogue SME owners failing to pay minimum wage face Government fines

January 16, 2014: UK small business owners who fail to pay their employees the minimum wage will face Government fines of up to £20,000, according to reports. Previously rogue SME employers were required to pay underpaid wages in full including a fine of 50 per cent of unpaid wages up t...
Posted on Jan 16, 2014 at 10:58

Apprenticeships 'a gateway to employment for mature workers'

January 10, 2014: Apprenticeships can help to boost the career progression of over-50s, it has been claimed. Skills minister Matthew Hancock said professional apprenticeships can help older workers to train for highly paid jobs as lawyers, bankers and accountants. He suggested that the sk...
Posted on Jan 10, 2014 at 12:17

Subsidised access to business advice for small firms

January 6, 2013: A £30million Government-backed scheme to offer small businesses subsidised access to advice from thousands of experts will be launched this month. Online business network Enterprise Nation is setting up the website for the scheme, funded by firms including Vodafone and ...
Posted on Jan 6, 2014 at 15:10

Small businesses relying on savings

December 31, 2013: A quarter of small and medium-sized firms are supporting their businesses with personal savings and handouts from family and friends, a report has claimed. Business funding specialist Bibby Financial Services, which commissioned the research, said the reliance on personal f...
Posted on Dec 31, 2013 at 11:26

Number of 50 to 64-year-olds in work up by 7%

December 31, 2013: Official statistics put the number of workers aged 65 or over at 1.068 million as of October this year, a rise of 33.5 per cent on the 800,000 in work in May 2010, with one in ten pensioners currently in employment. The number of 50 to 64-year-olds in work has also risen by...
Posted on Dec 31, 2013 at 11:22

Small businesses expect healthy Christmas sales

December 19, 2013: Nine out of ten (87 per cent) small and medium-sized businesses (SMEs) in the UK expect Christmas trading will reach or exceed levels set in 2012, according to a survey by independent funder Bibby Financial Services (BFS). The survey of 1,000 SMEs across key industrial sect...
Posted on Dec 19, 2013 at 10:37

Over-50s are the new ‘squeezed middle’

December 19, 2013: Four in ten people aged 50 or more have outstanding debts on credit cards, personal loans, bank overdrafts or hire purchase, a new study published today has revealed. The impact of this consumer debt, which is in addition to any mortgage debt, means that the current generat...
Posted on Dec 19, 2013 at 10:19
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