Business news

Red tape costs businesses

The UK economy is losing an estimated £41 billion a year to red tape despite continued government promises to reduce the amount of time and money SMEs send on compliance, a survey by the Forum of Private Business (FPB) has found.

Microbusinesses relying on personal support

Nearly two thirds of businesses with fewer than 10 employees rely on support from friends and family, research by Lloyds Bank Insurance has found.

Retirement advice needs varies according to age

The type of retirement advice people want varies significantly according to age, research by Partnership has found.

Banks not meeting needs of younger customers

More than two thirds of people aged 18-34 think their bank fails to cater for the financial challenges younger people face, research by uSwitch has found.

Income rises for over-55s

The monthly income of people over-55 has increased by 30% since 2010, research by Aviva has found.

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