#malg15 workshop d small business debts - slideset
TRANSCRIPT
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What do we mean by small businesses?
EU definition: Less then 10 employees with an annual turnover/balance sheet that doesn’t exceed 2 million euros
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The UK economy and growth in self employment
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The challenges of being self-employed
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Earning a living
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Coping with debt
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Cutting back
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The personal cost Text
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Financial resilience Text
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Banking and borrowing Text
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Building success Text
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How can we all help? Text
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Our recommendations For Government • Improve access to support and information • Tackle late payers • Improve access to business credit • Support with real-time accounting • Explore new debt solutions for small businesses • Ensure the business rates system supports struggling businesses • Improve data on official self-employed statistics
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Our recommendations For creditors and utility companies • Improve access to banking facilities including a basic bank account • Develop products tailored to micro-businesses • Pass on energy savings to business as well as domestic customers
For support organisations • Encourage a support seeking culture