Scale-ups need support
A report to be released this week by the ScaleUp Institute will show that while 343 of the fastest-growing businesses in the country are averaging £240,000 in turnover per employee, almost half the owners of scale-ups feel they do not have enough support.
“We’re bringing manufacturing back to Britain,” said Melanie Goldsmith, co-founder of Smith & Sinclair, who raised cash through a £50,000 loan from the peer-to-peer lender MarketInvoice. “But there’s no help in the early stages. There are no tax breaks.” Read more
Danny In The Valley
The Sunday Times’ tech correspondent Danny Fortson brings on Orion Hindawi, cyber-security billionaire and founder of Tanium, to talk about how the world is waking up to the security problem, hacks becoming unavoidable events like earthquakes and fires, starting his first company at age 17 and why most companies don’t know how many computers they own. Tune into his podcast here.
Workers prefer ‘8 til 4’ over ‘9 to 5’
Two thirds of British workers would prefer to start and end their working day earlier than the traditional 9am to 5pm, a new survey has found. YouGov said starting at 8am and finishing at 4pm was the most popular option, chosen by 25% of respondents. Another 13% said they would prefer to work 8.30am to 4.30pm, while 10% favoured 7am to 3pm. Read more
Dyson wants corporation tax scrapped
Sir James Dyson has called for corporation tax to be scrapped, arguing that removing the levy would encourage a lot of industry to come to Britain. “You shouldn’t really be taxing peoples’ profits, you should allow profits to be reinvested,” he added. Mr Dyson also suggested the government should make it easier for companies to hire and fire workers. Read more
Firms urged to turn to tech to unlock £100bn
The CBI says the economy could be boosted by £100bn if more firms embraced technology. Carolyn Fairbairn, the CBI’s director general, said: “Failing to adopt the nuts-and-bolts technologies of today is leaving a yawning gap in productivity and pay between businesses.” Read more