Business news

UK high street banks increased their term lending to small businesses by 9 per cent in 2008, according to figures from the British Bankers’ Association (BBA).

A combination of a rapidly deteriorating global economy and the ongoing failure of UK businesses to get access to finance will mean that the recession is all set to worsen in 2009, the CBI has predicted.

A new poll has revealed that businesses believe the cut in VAT, introduced by the government in an effort to stimulate consumer spending, has done little good.

Retaining talented employees is still a priority for many firms, despite the pressures of the economic downturn.

HM Revenue and Customs (HMRC) has announced that some 60,000 businesses have reached agreements for delaying the payment of their taxes.

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