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Despite the economic recovery, many small businesses and start-ups are failing to secure bank funding.
Britain’s young entrepreneurs and small business owners are struggling as guarantor loans aimed at kick starting small businesses are shunned by banks.
A new study has shown that 46% of business purpose loans are granted to existing businesses looking to fund growth.
A similar number is taken by those in full time employment looking to start their own business venture.
However, the …Read more
Legal action will be taken after residents at award-winning 122-home estate report substantial water seepage.
The estate won the 2008 Manser medal for best new housing, with the judges saying: “it is radical, innovative and an outstanding step away from the traditional mud and mess of the domestic building site.”
However, 19 affected homes at Oxley Woods, Milton Keynes, reported leakage through cladding panels causing significant rot to timbers, balconies and roofs.
Building firm, …Read more
Financial businesses throughout the UK have reported rising profits and the strongest rise in business volumes since 2007.
When the financial crisis hit, the future of British business became an unpredictable conundrum. Since its reclamation, the business industry has seen significant signs that surpass recovery.
Britain’s financial service sector has grown at its fastest rate in the past three months since the crisis began according to the latest industry analysis by CBI.
CBI’s …Read more
The Mayor and London Underground have announced that the new twenty-four-hour tube service will boost the economy by £360 million in addition to generating around two thousand permanent jobs.
The service that will run on weekends, will commence from the early hours of the 12th of September 2015, will make night-time travelling available across London for millions of people.
Maintaining London’s image
Independent research has highlighted that the new service will significantly …Read more
A major construction company has been fined for safety failings after a worker was critically injured when he was run over by a nine tonne dumper truck.
Almost four years after the serious health and safety breach, Oxfordshire-based JB Leadbitter has been sentenced following an investigation by the Health and Safety Executive (HSE) who found the company to have failed to adequately manage and control workplace transport.
On the 7th of October 2010 at a building site at Mount Wise, Devonport, …Read more
Apple Pay is due to be launched in the US on October 2014 and will be rolled out in the UK in 2015. This will have a huge impact on all businesses looking to keep up with the mobile and online payment market.
eMarketer estimate that iPhone users will account for 30.5% of all smartphone users in the UK in 2014. That means 1 out of 3 customers will be able to use Apple Pay. On top of this, customers can also pay using the new Apple Watch due to launch in 2015.
How it works
Apple Pay works …Read more
Historical partnership between National Express and the Highways Agency has pledged to amalgamate their expertise in order to benefit millions of road users nationwide.
Many British users embark on a daily commute that can often eat into two hours per day and a bad morning commute has the potential of ruining the entire day. The coach operator, which is the largest in the UK and operates 18 million journeys per year, has recently become the first commercial organisation of its kind to sign a …Read more
Balfour Beatty have recently been hailed as the highest earning construction contractor of this year, and now the international infrastructure group have just landed a £70 million contract for Crossrail’s new Woolwich Station.
The project will span over a four year time-scale and is set to secure easier and more convenient travel for commuters from Woolwich to a host of London and South East locations.
It will also support regenerations in the Thames Gateway area and will …Read more
During the three months to May of this year, the construction sectors output fell by a staggering 0.8% from the previous three months. This catalysed concerns that the UK's economic recovery may be in jeopardy.
The construction sector is often the first to recover from an economic down turn, but as it contributes a large portion to the economy, any potential slowdown could have severe effects to future economic recovery.
A jump in new work
In the same manner that poor output has bad …Read more
Britain’s financial circumstance continues to strengthen as employment rates improve, however wages are still falling.
The wages conundrum demonstrates a shift in employment through higher to lower paying industries. Although there are more jobs, it would appear that they are within lower-paying sectors rather than being part of a higher quality industry.
This indicates that although more job vacancies are being filled, there doesn’t seem to be improvements on the quality of …Read more