Pensions can provide a lifeline to SMEs

In last month’s Budget speech, the Chancellor confirmed his support for small and medium-sized enterprises (SMEs), which is a term used to describe a company whose headcount or turnover falls within certain limits. It is generally accepted in the EU that this is a company with fewer than 250 employees, and there are about 4.8 million such enterprises in the UK. Fast track credit complaints The Chancellor’s aim is to provide credit for small companies that he believes are being unfairly denied credit and are “powerless to challenge the decision”. His proposal is to set up a new service ...