Welcome to the This is Money show on Share Radio. From major supermarkets to micro-entrepreneurs we’ll be focusing on businesses big and small. Growing competition, inflation and a weak pound are all spelling problems for the retail sector whilst plans to scrap tax breaks threaten small businesses with bigger bills. Running through the various other issues from 4G to the strength of the high street Georgie Frost is joined by Editor Simon Lambert and Consumer Affairs Editor Lee Boyce. Plus how the new, forgery proof pound coin might not prove as secure as hoped.
Entrepreneur duo Owen Hunnam and Charlie de Rusett explain Idea Drop.
Glen GoodmanOriginal Broadcast:
Share Radio Morning
We all use software for sending emails, for writing documents and for making spreadsheets - but what about software that allows you to share ideas with your colleagues - on the go and whenever they strike you? That's what Idea Drop does. The product comes from entrepreneur duo Owen Hunnam and Charlie de Rusett who have just secured one million pounds worth of investment. They joined reporter Sara Macham to explain more.
In March, rising food and fuel prices pushed UK consumer inflation to 2.3 percent. But, inflation for small businesses rose to 3.2 percent - the highest rate for 8 years. That's according to Barclays' Small Business Cost Index. Share Radio's Sara Macham spoke to Ian Rand, CEO of Barclays Business Banking, to find out more.
This week look at the lack of female entrepreneurs. The number has fallen for the third year in a row and according to Natwest, it's costing the UK economy £1 billion a year. But, plenty of women do start and run their own business. So what is going on? Georgie Frost was joined by Lindsay Loxley, the MD of the Women in Business Network, Helene Martin Gee, president of the Pink Shoe Club, Julie Baker, NatWest's head of enterprise for business banking and Melanie Lawson, an entrepreneur and founder of Bare Biology.
Lindsay Loxley, Helene Martin Gee, Julie Baker, Melanie Lawson
Worrying numbers of small businesses are feeling increasingly stretched by financial pressures. So much so, that 1 in 5 small business owners with cashflow problems aren't able to pay their staff, and are instead having to dip into their savings. To find out how this has come about, Share Radio reporter Anviksha Patel spoke to former Apprentice winner and Small Business Champion, Tim Campbell MBE.
Certainty around status of EU workers and access to European markets are key issues for small business as Brexit negotiations kick off, but research from the FSB also found a third would be deterred from trade under WTO tariffs. For a look at the impact, Alan Soady, spokesperson for the Federation of Small Businesses, joined Share Radio's Ed Bowsher.
According to new data from the Cranfield School of Management and the British Standards Institution businesses are 'sleepwalking' into disaster as Brexit approaches. They also found less than one-third of CEOs were confident of leading their firms to long term success. The report argues companies aren't taking enough risks because of 'rigid' ways of thinking. To discuss the findings James Brydges spoke to Howard Kerr, CEO of the British Standards Institution.
This week the Northern Restaurant and Bar Show will be coming to Manchester providing the North's biggest hospitality show to industry professionals. According to latest stats the North of the country has lead the way for Britain's food and drink industry with cities such as Leeds, Newcastle and Nottingham topping the growth tables for independent restaurants. Overall growth has proved strong though with a widespread boom in the independent sector. To discuss some of the current trends Share Radio's Tom Hill spoke to organiser of the Northern Restaurant and Bar Show, Thom Hetherington.
We've heard of the purple pound, we've heard of the pink pound, and we've heard of the silver pound. But have we heard of the Muslim pound? The Halal economy is big business in the UK however many still struggle to find restaurants that cater for it. That's why Siddika Jaffer founded The Halal Dining Club in May 2015 - an app which aims to transform the Halal dining experience for millions of Muslim diners around the world. She joined Sarah Lowther to tell the story behind the app.