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small business news
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big business bullies
Alliance Boots is one of the companies that have come under criticism from the small business community, due to its policy of delaying invoice payments.

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SMEs stashing cash under the mattress
Small firms have been depositing "record" amounts of money into their business accounts to prepare for the economic slowdown, according to Lloyds TSB.
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interest rates stay at 5% for another month
The Bank of England's Monetary Policy Committee has held interest rates at 5% for the third consecutive month.

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EU increase holiday entitlement

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august 2007
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To offset the problem of including the 8 days of public holiday in employees’ paid leave, EU regulations will increase the minimum number of days of holiday entitlement from 20 to 28 in April 2009.

Currently, regulations state that all employees within the European Union are entitled to a 20-day minimum of paid leave; however, some companies include 8 days of public holiday which effectively gives workers only 12 days of paid leave per year. The new regulations will close this loophole by increasing the entitlement to a minimum of 28 days.

In 2009, despite the increase in holiday entitlement, Britain will still lag behind all other members of the European Union when it comes to paid leave according to a survey by Incomes Data Services.

Top of the league is Denmark which offers 39.5 days of paid leave. The UK’s holiday entitlement increase in 2009 will bring it closer to that of the Netherlands, who offer 28-29 days a year.



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