Business Finance – Euro – no problem.

More than one in three directors and senior managers in British SMEs believe adoption of the euro would have no impact on their profitability, a survey by online advisers shows. A further 22% believe joining the euro would benefit their bottom line, while only 16% felt it would have negative consequences for profits. Brian Jack, managing director of, said: ‘It’s clear to us that no matter what the politicians might say, euro membership currently holds no fear for the majority of small businesses.’
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The government’s Small Business Service has announced its intention to introduce a single national register for consultants by April 2002. There will be national criteria that all consultants must meet, and only organisations approved by the SBS will be allowed to assess consultants for entry on to the register.
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Prudential has teamed up with ADP and Moorepay to provide a solution for the payment and administration of stakeholder pensions direct from payroll. The move follows research which revealed up to 65,500 SMEs believe their payroll and admin systems have difficulty in coping with the added administrative work of stakeholder pensions.
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Nine out of ten of small businesses believe the overall red tape burden will increase over the next year, according to a survey by Kingston Smith. Almost half of businesses were not confident that they were complying with employment regulations and believed employment red tape would inhibit their plans for expansion.
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Eight pilot areas have been chosen for the first unmetered flat rate internet service for SMEs. BusinessSurf Rate Access, launched by Business Serve, has been initially launched in London, the South-East, Manchester, Liverpool, Bradford and Leeds and will roll out into other areas during 2001. More than 80% of its 30,000 plus clients, who spend an average 15 hours per month online during work hours, will save 50% on current internet costs.
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