Feeds

Small biz group calls on UK.gov to give cashflow relief

'Extraordinarily difficult time'

Combat fraud and increase customer satisfaction

The British Chambers of Commerce has warned today that the government needs to do more to raise awareness among businesses about cashflow schemes in the current economic downturn.

The small biz group’s director general David Frost also called on banks to do more to support companies in the UK during the recession.

Around 90 per cent of businesses were found to be unaware their bank offered or utilised the government’s flagship Enterprise Finance Guarantee scheme, according to a BCC survey of 250 companies across Blighty.

Under the scheme the government will guarantee lending to viable businesses to ensure they can get the working capital and investment that they need to keep their heads above water.

In the same survey 61 per cent of firms reported they were being squeezed by late payments, while nearly a third of businesses shackled with an overdraft said their banks had jacked up overdraft fees over the past six months.

"A lot more needs to be done to raise awareness of these schemes. It is business that will drive the UK out of recession and it is vital that banks support companies through what is an extraordinarily difficult time,” said Frost.

“The government needs to address the growing pressures on cashflow within businesses, even beyond relationships with banks. This means scrapping the planned rise in National Insurance Contributions, calling time on harmful extra regulation and freezing the national minimum wage.” ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.