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17 August 2018

Weekly Brief 33 - Friday 17 August 2018

A wrap of the week’s small business news from FSB’s Westminster Press, Policy and Public Affairs Office. To sign-up for Weekly Brief emails, please use this link.

Better rail services needed as fares rise

Responding to inflation indices published this week, including the 3.2% Retail Prices Index figure that will dictate rail fare increases in January, FSB National Chairman Mike Cherry highlighted the recent chaos of delays, overcrowding and cancellations across the train network. He added that as fares increase, customers will need to see services improve.

Majority of small firms shun zero-hours contracts

The overwhelming majority of UK small businesses are not using zero-hours contracts, and more than half were paying all staff the new NLW before it was introduced in April, according to the latest findings from the FSB. It was noted that where such contracts are used, they are arrangements that suit both the employer and employee. The findings come amid a plunge in the number of apprenticeship starts across the UK, meanwhile FSB has also called for compulsory work-experience to be brought back for students under the age of 16.

HMRC bulletin now available

The latest HMRC employer bulletin is now available to read. The August edition includes a host of useful information around understanding payrolls, the National Living Wage and Minimum Wage and fully electric company cars.

Banks scored on service quality

Banks will now be publicly scored based on the quality of their service. It follows action by the Competition and Markets Authority to make banks publish surveys on how likely people are to recommend them - including their online and mobile banking, branch and overdraft services - to friends, relatives or other businesses. Full details of the rankings can be found here.   

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