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.
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.
Shapr allows its users to make new business connections and network by offering up relevant potential contacts in a Tinder-like format. Georgie Frost spoke on the line to Shapr's CEO Ludovic Huraux to discuss his app.
What does it take to start up your own business? Guts determination and lots of energy. In the business world, some of the stories are truly inspirational. And in Cheryl Spain's case, it's no different. Back in 2013 Cheryl was a single parent with one dream - to create and run her own fitness studios. No money; very little and now she runs Fitness Fusions in a large building in Clapham. She joined Georgie in the studio to tell her story.
Today Georgie Frost is joined in the studio by Share Radio's senior analyst Ed Bowsher. Today they discuss the rebound in retail sales since their June slump as well as the amount of money retired households are losing in income tax. Plus with the Night Tube starting tonight we take a look at London's newest transport service. All these stories and more on The News Review.
Tuition fees are increasing for students, low-income families are losing grants, more competition for jobs, high house prices - what does all this mean for kids out there with big dreams? And what do they think of their chances in a post Brexit Britain? Joining Georgie Frost today are three young men who are helping shape the next generation of business. Adam Bradford is an award winning social activist, Louis Howell is a Youth and Community Trainer, and Jacob Sarkil is former young mayor of Lewisham and a youth leader and social entrepreneur.
Each year in the UK, more than half a million people take the plunge and start a business of their own. Some businesses survive, but we know that many don't. The rewards can be great but success requires careful planning. But even then, the best laid plans can't prevent all bumps along the road - be they staffing, taxes, money, or personal problems. So where do you turn if you do hit problems in the early years? Frank O'Keeffe, Mike Jupp and Robert Ferguson join Georgie to share with us their highs and the lows
Mike Jupp, Frank O'Keeffe aka "Mister Taco", Robert Ferguson