Startacus Join Now! /
View Our Toolkit

Monthly Financial News Roundup: March 2015

Startacus RSS

by Startacus Admin

Welcome to the Startacus monthly financial news round-up, brought to you by Sophie Turton of Crunch Accounting.

It’s a mixed bag for SMEs this month, as the 2015 Budget brought with it some interesting developments that show the government could be concentrating more on the needs of freelancers and micro-businesses. Additionally, the Tories managed to sway the small business debate, hosted by Enterprise Nation, despite recent reports showing bank lending has worsened under the coalition government.

Tories sway entrepreneurs in small business debate

Enterprise NationAlmost half of entrepreneurs attending a small business debate, hosted by Enterprise Nation, said they would vote Conservative in the upcoming general election.The audience were polled on their voting intentions before and after the debate. Before, 37% selected Conservative with 30% for Labour, 7% for Lib Dems, 22% undecided, 3% Green and 1% UKIP.The audience were polled again at the end of the 60 minute discussion. 45% said Tory, 31% Labour, 7% Lib Dems, 5% Green, 10% undecided and 2% UKIP.

Emma Jones, founder of Enterprise Nation and chairperson for the debate, said:

“Hopefully the political classes will have learned something from this experience – that small firms are worth listening to, that they are playing an increasingly important role in the electoral process and that by engaging with them, politicians can improve policy – and gain all-important votes.”

Budget offers mixed bag for SMEs

MoneyIn his sixth Budget speech, Chancellor George Osborne set out to show voters that the economic recovery has benefited them and, for the first time, outlined some reforms that could really change the way self-employed people do business.

Among other changes, the chancellor announced the death of the Self-Assessment, which is to be replaced by a digital system and updated regularly throughout the year rather than in one lump. There will also be better education for SMEs to unlock borrowing potential and grow their businesses more successfully.

Check out our Budget 2015 roundup for more information on how this could affect you.

Small businesses still feel ignored by banks

Banks remain unsupportive of lending to SMES, particularly under the coalition government, research conducted by eBay has found.65% of those surveyed said banks are not lending as much as they should, and 60% said it’s more difficultBusiness Loan to secure credit than it was five years ago. This has an impact on those thinking of starting a business. A government report published last month revealed 69% of would-be entrepreneurs are reluctant to start a business due to financial worries.

In the run up to the general election, the self-employed army really could sway the vote. We want to hear from you. Do you feel supported in your business? Is there still more the government can do to help? Let us know your thoughts in the comment section below. 

Startacus RSS
Business DealsSubmit Your Startup
Win TicketsNetwork and Collaborate
Our Latest Features

Published on: 30th March 2015

If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.

Create an Idea!View Other Ideas, Projects or Startups
Drive with Belron Why not Sign Up?
Create Projects
Edit Projects
Self Interviews
Self Starter of the Year
Product Giveaways
Subscribe to our Newsletter
  • Top Startup Events UK and Ireland 2017 20th Jan 2017 In honoured tradition we return with our roundup and list of the top UK and Ireland Startup Events and Conferences for 2017.
  • AIB Start-up Academy Summit returns to Belfast! 13th Jan 2017 Northern Ireland startups and entrepreneurs listen up! The AIB Start-up Academy Summit will be back in Belfast and we’ve all the important info you need to bag your free ticket to attend!
  • Newcastle Startup Week Set to Inspire 11th Jan 2017 Newcastle Startup Week - a new festival of entrepreneurship aims to inspire local people to start businesses and attract greater inward investment to the city and wider North East of England region.
  • Drive with Belron Accelerator seeks disruptive Startups 7th Jan 2017 The world’s leading vehicle glass repair and replacement service provider Belron is back on the hunt for innovative startups to joins its ten week accelerator Drive.
Check us out at our Google+ page!