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Financial Ombudsman Service will be open to 210,000 more SMEs in 2019

The Financial Conduct Authority (FCA) has today confirmed plans to extend access to the Financial Ombudsman Service to more SMEs. Under the ‘near-final’ rules, around 210,000 additional UK SMEs will be eligible to complain to the ombudsman service. The changes will mean that SMEs with an annual turnover below £6.5 million and fewer than 50 The post Financial Ombudsman Service will be open to 210,000 more SMEs in 2019 appeared first on Small Business.

How to understand the markets

The market is so diverse and dynamic therefore your trading method must adapt to all these changes. With that said, I want you to understand that however good you may think you are, you can’t wrestle with the market. Big financial institutions and banks know this better. Why do you think they hire the best The post How to understand the markets appeared first on Small Business.

The best companies to start in a post-Brexit UK

Those with long memories may recall the panic over the so-called Millennium Bug at the turn of the century. The theory was that, because computers would not be able to understand the concept of the year 2000, they would melt down, plunging civilisation into chaos. Some countries spent huge sums tackling the bug. Others spent The post The best companies to start in a post-Brexit UK appeared first on Small Business.

Closing the gender gap: more women are showing interest in male-dominated courses

More women are looking into courses which are typically male-dominated, according to new research. A study from online training course provider, findcourses.co.uk, shows the traditional industry gender splits, which indicated more employees of one sex than the other in certain roles, are significantly changing. By analysing the number of men and women researching its training The post Closing the gender gap: more women are showing interest in male-dominated courses appeared first on Small Business.

UK SMEs plan to boost European sales despite Brexit uncertainty

The majority of British small businesses expect to increase overseas sales in the next year – especially with Europe. According to data released by international payments company, OFX, they are increasingly optimistic about international trade, despite uncertainty surrounding the terms of Brexit. OFX’s annual survey of 500 small business owners and senior managers found that 62 The post UK SMEs plan to boost European sales despite Brexit uncertainty appeared first on Small Business.

Late payments World Cup: Which country pays the quickest?

Brazil pays suppliers on average only 4.3 days beyond terms (DBT), with Iceland coming up second best at 6.4 DBT. The DBT describes how long it takes businesses on average across each country to pay their bills, past the due date. England, meanwhile, would qualify from their group in second place with a DBT of The post Late payments World Cup: Which country pays the quickest? appeared first on Small Business.

Employers look for workers with soft skills as they struggle to fill talent gap

Research from Robert Half reveals that the widely predicted talent exodus post-Brexit will not help matters as almost half of UK companies (49 per cent) struggle to find skilled workers. As a result, one fifth (21 per cent) are now looking to recruit candidates who have exceptional soft skills, with a view to developing the desired technical skills The post Employers look for workers with soft skills as they struggle to fill talent gap appeared first on Small Business.

Most business leaders say AI is critical for the survival of their firms

Nine out of ten business leaders believe AI is critical for the survival of their organisations over the next five years. SAPPHIRE NOW (SAP) has revealed its latest global research that, of 2,500 C-level executives, six out of ten business leaders have implemented or are planning to implement AI in the next year. What’s more, The post Most business leaders say AI is critical for the survival of their firms appeared first on Small Business.

Three in five businesses think their prospects will improve in the next year

Three in five (59 per cent) businesses believe their prospects will improve in the next year. New data from Smith & Williamson’s inaugural report – Dream bigger: The scale-up moment – reveals that in a show of confidence from the UK’s business community, a quarter (26 per cent) go as far to say that their position The post Three in five businesses think their prospects will improve in the next year appeared first on Small Business.

The rise of freelance workers: who is making the switch?

More people are swapping the security of a 9-to-5 job for the flexibility of freelance work. Research from Instant Offices shows that millennials and UK workers who are facing significant lifestyle changes, such as motherhood or retirement, are looking for more flexible and empowering ways to work. And according to the Association of Independent Professionals and The post The rise of freelance workers: who is making the switch? appeared first on Small Business.

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