Tag: Simply Business

600,000 SMEs risk failing as Budget mixes tax hikes with incentives

Cost of business motoring to rise for SMEs following Budget

THE requirement for brokers to thoroughly check SME businesses before submitting propositions was highlighted by insurance firm Simply Business. It said that analysis of government figures over the last five years showed the annual rate of small businesses not making the cut was 10.8%. With nearly 6m SMEs currently active, the failure rate points to 632,889 SMEs at risk of collapse in…