Only 20% of public sector procurement spending went to SMEs in 2024, despite total spending with SMEs increasing to £45.4b from £42.4b in 2023.
SMEs are planning pay and recruitment freezes in response to government tax rises, with a distinct focus on limiting expenditures and innovation.
This has been a period of rapid yet sustainable growth for the bank as we continue to tap significant demand for our fast, flexible financing solutions.
The online casino industry demonstrates that providing budget-friendly options can attract diverse demographics, allowing businesses to build customer loyalty and encourage upgrades to higher-priced offerings.
Digital twins allow businesses, including SMEs, to simulate and optimize complex problems repeatedly, reducing the costs associated with physical-world experiments. This technology previously benefited only large enterprises.
According to the KPMG poll of 1,500 companies, 92% of business owners are optimistic about growth in 2025, despite existing economic challenges. Much of this confidence stems from expectations of rising demand both domestically and internationally, suggesting a readiness to explore new products and markets.
Colin Goldstein, Chief Commercial Officer, UK at iwoca: "Rising pessimism and fears of a recession are reshaping SME mindsets, with a greater focus on survival over growth."
Cloud storage is no longer just a luxury reserved for big corporations. Small and medium enterprises need efficient, secure, and affordable data storage solutions just as much-if not more-than larger companies.
Scaramucci highlighted how Trump's renewed leadership poses risks for UK-US trade relations and challenges British SMEs. "I hope that as he takes on the mantle of leadership again, he considers the need for unity and healing in the country." His comments reflect concern over Trump’s 'us versus them' rhetoric and potential implications for American businesses, suggesting a divide between those who benefit from this leadership and those who may not.
With Firm24 and Ligo, two strong local brands with a wealth of expertise, Your.Online is now better equipped to support entrepreneurs in navigating legal and administrative hurdles as they build their businesses online.