AGP Executive Report
Last update: 4 hours agoFinance: SME applications to alternative lenders have surged 63%, while the British Business Bank is backing up to £200m for Capital on Tap. Business Pressures: The UK has lost 104,000 businesses, mainly microbusinesses and sole traders; a rise in the rate to 4% is adding pressure on small firms. Scottish retailers are also calling for business rates reform as tax relief diverges across the UK. Digital Payments: HSBC UK and Stripe have launched Tap to Pay for small businesses, letting retailers accept contactless payments on compatible phones. Skills and Jobs: A government-backed campaign is urging small firms to help create 200,000 work experience places for teenagers. Tax: HMRC is set to triple the tax-free trading allowance to £3,000, potentially giving side hustles more room to earn before tax applies. Local Growth: Antrim and Newtownabbey is offering grants of up to £10,000 to help small and medium-sized businesses train staff.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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