Employers face stricter rules over workers’ rights

Employers face stricter rules over workers’ rights

A series of major reforms are set to change employment laws and practices for businesses that employ flexible workers on zero-hour contracts, creating possible extra costs for employers. The government announced its Good Work Plan on 7 February 2018, in response to...
More landlords in buy to let arrears

More landlords in buy to let arrears

The number of landlords who have fallen significantly behind on their mortgage repayments rose 20% in the last year, according to data published by UK Finance. In Q4 2017, there were 5,100 buy-to-let mortgages in arrears of 2.5% or more of the outstanding balance,...
3 in 4 SME owners plan to work past retirement age

3 in 4 SME owners plan to work past retirement age

Most leaders of small and medium-sized businesses plan to work past the age of 65, according to research. A survey by Aldermore of 1,008 senior SME decision-makers revealed that 73% of business owners are planning to work past their state pension age. Almost...
Startup numbers fall after IR35 clampdown

Startup numbers fall after IR35 clampdown

The formation of new companies incorporated in the UK dropped in 2017, according to data published by Companies House. Some 622,713 new companies were launched last year, down from 646,703 in 2016, representing a drop of around 4%. Commenting on the figures, the...
Economic growth exceeds forecasts

Economic growth exceeds forecasts

The UK economy grew by 0.5% from October to December 2017, according to figures from the Office of National Statistics (ONS). This surpassed the Office for Budget Responsibility’s prediction of 0.4% growth for the quarter. Growth was particularly strong in the...
Self-employed workers ‘failing to prepare financially’

Self-employed workers ‘failing to prepare financially’

Many self-employed workers and small businesses lack adequate savings, according to research. In a survey of 1,174 adults conducted by Aldermore, 22% of self-employed workers said they have no business savings at all, while 40% have less than £1,000 in savings. This...