Virgin’s new 50Mb broadband service will provide the fastest access in Britain – but the cost involved could be a turn-off to many during tough economic times.
Customers who subscribe to Virgin Media’s new 50 megabits per second service will have to pay a minimum of £46 per month for the deal, making it around twice [...] CONTINUE
One in ten small firms can no longer afford to run their business, according to new research from RSA, experts in small business insurance.
The research revealed that the credit crunch has forced approximately 470, 000 small and medium sized businesses (SME’s) into a position where they can no longer afford to operate.
The research [...] CONTINUE
The Federation of Small Businesses (FSB) has sent results of a snap poll to the bank of England, which demonstrates the devastating impact of the credit crunch on small businesses.
The poll revealed that a majority of respondents (80%) had seen an increase in operating costs in the last year, and 40% had seen decrease [...] CONTINUE
A survey by the Forum of Private Businesses (FPB) revealed that 88% of small businesses are not receiving payments from some of their larger customers within the contractually agreed time, which 72% say is having a serious impact on business.
The effect of the credit crunch has been significant, with 56% of businesses reporting that it [...] CONTINUE
Figures released today by National Statistics Online show that the number of internet connections is continuing to rise, despite the economic climate.
The statistics show that in 2008, 65 per cent of households in Great Britain (almost 16.5 million) had access to the internet, almost 1 million more households than at the same time in 2007, [...] CONTINUE
According to a study by Barclays Commercial Bank, one in six businesses are taking out long-term bank loans in order to fund growth.
The study found that since the beginning of the year, 16% of businesses with a turnover of more than £1m had taken out loans of £500,000 or more, an increase of 3% on [...] CONTINUE
The FSB has revealed that small firms are taking increasing legal action against larger firms, in order to claim late payments.
Research by the Federation of Small Businesses shows that small firms are waiting up to 105 days to receive payments from larger companies.
Although the small firms are able to enforce payments under the Late Payment [...] CONTINUE
As the credit crunch in the UK sees banks tightening the reigns on lending, small businesses are being hit particularly hard. Lacking the kind of cash flow that large companies posses, new or small businesses are generally at the mercy of their lenders, requiring constantly renewed loans to keep business afloat.
Small businesses, who are viewed [...] CONTINUE
