Feeds

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

'Extraordinarily difficult time'

Application security programs and practises

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.” ®

Mobile application security vulnerability report

More from The Register

next story
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Mobile application security vulnerability report
The alarming realities regarding the sheer number of applications vulnerable to attack, and the most common and easily addressable vulnerability errors.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.