Small businesses are the lifeblood of the UK economy. There are around 8 million small to medium sized business in the UK which account for the overwhelming majority of employment. If we are to kickstart our economy and growth again, small businesses are the key to success.
New companies are being created all of the time. It is thought that around 400,000 new companies are formed each year in a country which has a proud traditional for entrepreneurialism. We want to see more new business created, as well as changes in the law so that it is easier to form a company.
Small businesses across the country are having to endure a barrage of red tape, legislation and regulation, a lot of which has come into existence in the past decade. Much of it stems from the EU including new pension rules which dictate how insurers sell annuities. We think it is high time these regulations were removed, leaving businesses free to create wealth and jobs.
POPULAR SECTORS FOR SMALL BUSINESSES IN THE UK
All businesses need an accountant in one formor another which is why they make up a great deal of the small businesses in the UK.
They cost a lot to use but everyone needs them.
Roofers, electricians, plasterers, painters, plumbers...tradespeople are a huge part of the SME market in the UK.
For when you car needs to be repaired, many garages are independently owned.
There are a remarkable number of independently owned estate agents in the UK.
Many in fact nearly all IFA firms are not small companies.
There are hundreds of small marketing companies across the country.
Many people run this type of business from home.
Dates to remember
The start of a new year for every business and company in the UK. This year saw VAT increased 2.5% to 20%
April fools day but also the month when financial year starts.