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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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document part-time work 'hardest to find' in London back
january 2007
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London is the most difficult location for obtaining a part-time position, new research suggests.

According to figures released by the London Development Agency (LDA), despite 32.1 per cent of the national workforce working on a part-time basis, in London the figure is now 26.1 per cent, reports the Financial Times.

Britain's capital currently has an overall employment rate of 69.3 per cent, 5.1 per cent lower than the national average.

"If we could transition our employment rate to the level of the other regions, the effect on London's GDP would be huge, benefiting the rest of the country," said Manny Lewis, chief executive of the LDA.

"Combating the employment and skills deficit is the biggest challenge as London grows," he added.

The difficulty faced by many when looking for part-time work is thought to be caused by a number of factors, including the capital's long-hours culture, in addition to the economic success of the city making employers favour full-time positions, the LDA suggests.

The LDA is a government agency established in order to promote the continued economic growth of London.


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