More than three quarters of SMEs in the West Midlands are stockpiling their cash as they are too nervous to invest in the current economic climate, according to new research.
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The Government’s controversial new Entrepreneur’s Relief regime will cause bitter frustration for sole traders and business partners according to a Midland tax expert.
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Any attempt by the Government to squeeze business with new taxes to replenish the Exchequer’s dwindling funds would be a catastrophe for the country, a leading champion of small and medium sized companies has warned.
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Health and safety rules can be a burden for some small businesses but for Birmingham-born businessman Richard Wall, it turned a lifelong hobby into a business.
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Small businesses in the UK drove home the gloom on the financial future in a recent survey, with more than 90 per cent saying the economy was on the way down.
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Four Midland entrepreneurs who overcame personal adversity to make their business dreams a reality are now in with a chance of scooping £13,000 at a national award ceremony in London.
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Customers are starting to turn their back on cheap Chinese imports as they realise British firms can offer more quality, a Birmingham metalworking firm has said.
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