In today’s bulletin:
General update
Outputs from Consumer Duty event on 7 June 2024
Collaborations
Events
General update
The countdown to the general election continues.
Ahead of my discussion on Wednesday at the Celtic Manor around Financial Education, Business Debtline has launched a new programme to tackle finance skills gaps. The charity’s Building Up Business programme draws on Business Debtline’s expertise as the UK’s Centre of Excellence for business debt, aims to build the financial resilience of small business owners across the UK.
Findings highlight the challenges small business owners who contact the service face:
51% of Business Debtline callers surveyed were not confident in constructing a business plan before trading
40% did not feel confident calculating cash flow and profits
35% did not feel confident putting together a business budget
There has already been some criticism of the lack of focus on small businesses and the self-employed ahead of the el...
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