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small business news
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no change in interest rates
The Bank of England's Monetary Policy Committee is holding interest rates steady at 5%.

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are you aware that there's £2.2 billion on offer?
Nearly a third of small businesses are unaware that RDAs can provide them with financial support for innovation, according to research by the BCC.
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high tax - the bane of business
Over a third of businesses consider high taxes to be the most significant issue affecting small companies today, according to research by Populus for the BCC.

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document the trouble with tribunals back
february 2008
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Nearly half of employers avoid disciplining staff due to fears that they will be taken to tribunal, according to research by employment law firm Peninsula.

89% of respondents to the survey stated that they would feel confident about disciplining workers if they were more sure of their legal position. This indicates that increasing levels of employment regulation and red tape are failing to provide employers with a good understanding of their legal rights and responsibilities.

"Many businesses these days are so convinced that employment law is weighted on the side of employees, that they are afraid to tackle serious issues in the workplace," stated David Price, Head of Employee Relations at Peninsula.

Mr Price suggests that employers draw up clear and detailed codes of conduct and disciplinary and grievance procedures to help protect themselves and also inform staff of their responsibilities.

"If used correctly they [disciplinary and grievance procedures] ensure that everybody is dealt with fairly and reasonably. Employers must ensure that they are compliant with current legislation as there is confusion amongst employers as to what rights employees have today."

 

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