small business news

self-assessment deadline extended

Sole traders, entrepreneurs and other individuals who are required to fill out self-assessment tax returns will not receive a late filing penalty if they make their submission on the 1st or 2nd of February.

schools must develop entrepreneurs

The Forum for Private Business has called for schools to play a leading role in encouraging entrepreneurship amongst young people.

google targets welsh SMEs

Search engine giant Google has announced a 12 month campaign to get businesses in Wales to start using the web.

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Lib Dems stand up for small business

february 2010

Vince Cable, Treasury Spokesman for the Liberal Democrats has lambasted banks for their failure to release credit to small firms, and blamed them for jeopardising the economic recovery.

Speaking of Lloyds and Royal Bank of Scotland, Mr Cable stated: “They insist that they are falling over backwards to help their business customers despite all the mass of evidence to the contrary."

“Restrictions on lending to sound companies by all banks is preventing a sustained economic recovery and thereby compounding the risk of growing bad debts about which banks are concerned.”

"Bank managers are reported to be playing all kinds of games to tick the boxes without engaging seriously with smaller commercial clients."

Whilst outlining the Liberal Democrats’ plans for banking regulation, Mr Cable also said that a policy to compel banks to start lending was “unavoidable”, and stated that his party was “committed” to breaking up the banks.

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