Jo Lake
Cornwall Retail Skills Co-ordinator
The Lodge Trevenson Road Pool Redruth Cornwall TR15 3RD M: 07737772181
-----Original Message----- From: Agnew James [mailto:james.agnew@cornwallenterprise.co.uk]
Sent: 28 November 2007 02:03 To: Tamzyn Smith ; Alan Shepherd ; Amanda Webb ; Andy Peters; Angie Coombe; Angie Shepherd ; Ann Vandermeulen ; Clare Leverton; David Rodda ; Dominique Tregenza-Hall; Don Adams ; Gail Pearson ; Hannah Revell; Harry Hart; Jane Sutherland; Janus Howard ; Jessica Smalley ; Jo Lake; John Hoelen ; John James ; Ken Martin ; Linda Davies ; Lyn Morris ; Manda Brookman ; Matt Barrett ; Michael Beadel - Chairman ; Michael Brougham ; Michelle O'Brien ; Nathan de Rozarieux ; Paul Bright ; Peter Castell; Philippa Collett ; Ron Spencer; Ross Williams ; Stafford Sumner ; Cresswell Rachel Cc: Threemilestone; Camborne, Pool, Redruth; Falmouth; North Cornwall; St Austell; Wayne Simmons ; Andy Peters ; Carole Lomas; Cherry Martin ; Graham Collins; hmorgan1@cornwall.gov.uk; Martyn Pearson ; Olivia Khadka ; Paul Wickes ; Peter McGregor ; Polly Skinner ; Priscilla Samuel ; Tony Wright; Clive Perrin ; Lorna Baines ; Mike Lagomarsino ; Richard McClenaghan ; Sarah Bannon ; Steve Luke
Subject: FW: Business Advisers' News - Issue 48
For info
James Agnew Sector Development Manager Tel. No: 01872 322883 www.cornwallenterprise.co.uk/business/sector_dev.aspx Registered Office: Pydar House, Pydar Street, Truro TR1 1EA Registered in England and Wales No: 3668828 www.cornwallenterprise.co.uk
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-----Original Message----- From: BAD News [mailto:badnews@cobwebinfo.com]
Sent: 26 November 2007 16:59 To: Agnew James Subject: Business Advisers' News - Issue 48
BAD News
For the better informed business adviser
26 November 2007 Issue 48
Welcome to this week's edition of BAD News (Business Advisers' News), a free weekly bulletin for business advisers. You can also check out BETTER business magazine for more practical tips and how-to articles for small business owners. Go to: www.better-business.co.uk.
The BAD News Team
badnews@cobwebinfo.com
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In this week's issue:
• Business confidence at two-year low • Fears of buy-to-let credit crisis • Brewers demand duty freeze
• Home assessors hit by lack of work • Reputation matters in business
• Congestion-cutting ideas put forward • Food law consultation opens
• Concern December rates likely to remain on hold • Builders warned after fatal excavation accident
• Shoppers continue to fear online fraud
• Increased number of broadband connections • The importance of the Internet to small firms
• Fake phone tap e-mail warning
• Shoppers will splash out for Christmas
• Healthy policy puts pressure on shops
• Business told to co-ordinate alcohol efforts • Campaign targets alcohol sellers
• Search for start ups for incubator project • Smaller Welsh firms miss out on opportunities • Online weather tools available
• UK economy at a glance
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News round-up
Business confidence at two-year low
Business confidence has fallen to its lowest level in two years, according to research from the Institute of Chartered Accountants in England and Wales (ICAEW). Its latest Business Confidence Monitor (BCM) said the credit squeeze, the slowing housing market and higher interest rates are behind the fall in confidence. All business sizes, sectors and regions are affected by the downturn, the report said.
Read more on this story at:
http://www.icaew.com/index.cfm?route=152644
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Fears of buy-to-let credit crisis
There are concerns that the buy-to-let mortgage market is facing a crisis. Paragon, the UK's third-biggest buy-to-let mortgage lender, says it cannot borrow all the money it needs to sustain its business and plans to reduce the number of buy-to-let mortgages it offers by 50% next year. It follows an announcement by Bradford & Bingley - the UK's biggest buy-to-let lender - that it has taken measures to raise cash. The credit crunch means many banks have withdrawn deals for home loans and are turning down many loan and credit card applications.
There is more on this story at: http://www.thisismoney.co.uk/mortgages/buy-to-let/article.html?in_article_id=426535&in_page_id=56&ct=5
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Brewers demand duty freeze
Brewers are calling on the Government to freeze the duty on beer after the biggest slump in sales since the Great Depression of the 1930s. The British Beer & Pub Association (BBPA) has written to all UK MPs pointing out the problems facing the industry. The letter says the volume of beer sold through pubs is now the smallest since the Great Depression and overall beer sales - including off-trade - are at their lowest since 1969. Beer sales are down by 49% from their peak in 1979 and pubs are selling 14 million fewer pints per day.
There is more on this issue at: http://www.beerandpub.com/content.asp?id_Content=3022&id_ContentType=40
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Home assessors hit by lack of work
People who trained to work as home inspectors to produce energy performance certificates for Home Information Packs (HIPs) say there is not enough work available to make a living. It is feared that far more people have qualified as home assessors than are actually needed and their earning potential is much less than expected. The HIPs introduction was staggered after opposition - it currently only applies to homes with three or more bedrooms but will apply to all houses for sale from 14 December.
Read more on this story at:
http://news.bbc.co.uk/1/hi/programmes/working_lunch/7104149.stm
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Reputation matters in business
Reputation counts in business, according to a new survey that found customers are happy to pay more for goods and services from firms they trust. Businesses looking to create a good reputation should look closely at their customer service - 48% of those quizzed for the Confederation of British Industry (CBI) poll said this was the characteristic that most boosts a firm's reputation. The survey said that Marks & Spencer is the business that has Britain's best reputation, followed by the John Lewis Partnership and then the Virgin Group.
There are more details on this story at: http://www.cbi.org.uk/ndbs/press.nsf/0363c1f07c6ca12a8025671c00381cc7/1c148e9ea6c3fe4280257394005e0c5d?OpenDocument
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Congestion-cutting ideas put forward
The British Chambers of Commerce (BCC) has come up with proposals to cut congestion on the UK's roads. In the third of its five-pamphlet series on Sustainable Transport, the lobby group is advocating subsidised local transport incentives for staff, providing facilities to encourage people to walk and cycle to work, and investment in video and teleconferencing equipment to reduce business's reliance on transport.
Read more on this story at: http://www.chamberonline.co.uk/Ybj0xTw.html
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Legal updates
Food law consultation opens
A consultation is looking to change the way local authorities in England inspect and ensure that food businesses are operating within the law. It is proposed that the current inspection-focused enforcement policy is replaced with powers allowing local authorities to choose the most appropriate action to ensure compliance. The proposed changes apply to the Code of Practice (CoP) for Food Law Enforcement. The consultation is open until 10 December 2007.
There is more information on this issue at: http://www.food.gov.uk/consultations/consulteng/2007/foodlawcopengreview07
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Tax and money
Concern December rates likely to remain on hold
Minutes from the Bank of England's interest rate-setting Monetary Policy Committee (MPC) show that members voted by a majority of seven to two to keep the cost of borrowing at 5.75% this month. The sizeable majority in favour of no change will heighten uncertainties about a rate cut in December, the British Chambers of Commerce (BCC) said. A spokesman said the MPC had not paid sufficient attention to the worsening turmoil in the financial markets during November and urged it to announce a small cut in rates at its December meeting.
Read more on this story at:
http://www.chamberonline.co.uk/YcCEnDs.html
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Health and safety
Builders warned after fatal excavation accident
Construction firms are being warned to take care when working in excavations following the prosecutions of two businesses over an incident in which one worker died and another was seriously injured. The Health and Safety Executive (HSE) prosecuted George Wimpey (North East) Ltd and AW Cowan (Groundworks) Ltd at Teesside Crown Court after an unsupported trench collapsed on two workers, injuring one of them fatally. Both firms were fined after admitting they failed to ensure the safety of workers under the Health and Safety at Work Act 1974.
There are more details on this story at:
http://www.gnn.gov.uk/Content/Detail.asp?ReleaseID=331343&NewsAreaID=2
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IT and Internet
Shoppers continue to fear online fraud
More than a third of consumers are still afraid of virtual pickpockets when they shop online, despite figures predicting a record Internet Christmas shopping period. Pre-pay card issuer 3V said 35% of those quizzed were afraid of fraud. Almost half (46%) said the Government should issue clearer guidelines for online shopping. Consumers, who are predicted to each spend more than £500 online over the festive shopping period, said they would make around two more online purchases a month if they were 100% confident in Internet security.
Read more on this story at:
http://icbirmingham.icnetwork.co.uk/birminghampost/business/tm_headline=millions-fear-the-online-fraudster%26method=full%26objectid=20133898%26siteid=50002-name_page.html
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Increased number of broadband connections
Nearly nine out of ten UK Internet connections are now made via broadband, according to new figures from the Office for National Statistics (ONS). It said 88.4% of all Internet connections in September were through broadband, up from 86.2% in June. The figures come from a survey of Internet Service Providers (ISPs), which also showed just 11.6% of connections are now via dial up.
There is more on this story at:
http://www.statistics.gov.uk/pdfdir/intc1107.pdf
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The importance of the Internet to small firms
Small businesses are being urged to keep up with the way the Internet is changing how people look for products and services, or miss out. Only half of Britain's smaller firms have a website, according to the Federation of Small Businesses (FSB). The National Federation of Enterprise Agencies (NFEA) says small businesses are using their websites for a variety of functions, from communications and marketing, as part of the supply and customer chain, or to sell their goods.
Read more on this story at: http://news.bbc.co.uk/1/hi/business/7096900.stm
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Fake phone tap e-mail warning
A malicious e-mail is trying to persuade users to download a Trojan horse virus by telling them that their telephone has been tapped. The attachment purports to be a recording of a call involving the recipient of the e-mail but it downloads the Troj/Dorf-AH and downloads malicious software from a dangerous website when it is opened. It then tries to persuade the victim to buy fake security software.
There is more on this story at:
http://www.sophos.co.uk/pressoffice/news/articles/2007/11/detective-dorf.html
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Retail and sector news
Shoppers will splash out for Christmas
Shoppers will shrug off their money worries this Christmas and splash out on the festive season, according to analysts Mintel. It expects consumers to wait until January to review their finances, even though almost one-in-three said money is tighter after rises in interest rates, the credit crunch and the slowing housing market. Mintel predicts a 2-3% increase on last year. It said low unemployment and the fact rising interest rates will take time to filter through to those on fixed rate mortgages meant consumers were still confident.
Read more on this story at: http://www.ananova.com/business/story/sm_2608548.html?menu
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Healthy policy puts pressure on shops
Corner shops and convenience stores are to discuss the pressures they are facing due to the Government's attempts to improve the nation's diet. The Association of Convenience Stores (ACS) has organised a Healthy Eating Forum, which will be held in Leicester on Wednesday (28 November). The event will bring together shop owners, food suppliers and members of the Government to discuss how the industry can help to tackle Britain's obesity problem.
There is more on this story at: http://www.acs.org.uk/en/news/details/index.cfm/obj_id/4062C089-EAF7-45C5-A4855E06491C66F1
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Business told to co-ordinate alcohol efforts
Businesses producing and selling alcohol should adopt a co-ordinated approach to tackle under-age and binge drinking, Prime Minister Gordon Brown said. Mr Brown spoke out after meeting representatives from pubs, supermarkets, drinks manufacturers, academics and doctors to discuss how to deal with unacceptable drinking. The Government is also planning to review the Licensing Act 2003, which legalised 24-hour opening.
Read more on this story at: http://www.thepublican.com/story.asp?sectioncode=7&storycode=57768&c=1
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Campaign targets alcohol sellers
Meanwhile, shops and pubs are being urged to be aware of the Government's Responsible Alcohol Sales Campaign (RASC), which is running for the four weeks until 23 December. Police will target 'problem' pubs and shops selling alcohol to people who are 'unequivocally' drunk, which is illegal under the Licensing Act 2003. They will also visit places selling alcohol to remind owners and staff of the law and their responsibilities. The police involved in the campaign are operating both covertly and non-covertly.
There is more on the campaign at: http://www.thelocalshop.com/en/news/details/index.cfm/obj_id/726212D8-0D62-43F2-BDFD6B2AE35E2A84
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Regional news
Search for start ups for incubator project
A worldwide search has started to find 31 leaders of knowledge-based start up businesses to take part in the second round of an enterprise project based in Scotland. The Edinburgh Pre-Incubator Scheme (EPIS) is offering the successful candidates an interest-free £10,000 loan and a support package including business and academic mentoring and accommodation worth £70,000. The project, funded by Scottish Enterprise Edinburgh and Lothian and the University of Edinburgh, has already selected five early-stage firms for the second round.
Read more on this story at:
http://business.scotsman.com/index.cfm?id=1826712007
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Smaller Welsh firms miss out on opportunities
Smaller firms which do not have formal links with universities are missing out on technology and development opportunities that their larger rivals are able to take advantage of, it has been claimed. The All-Wales seminar, held simultaneously in North and South Wales using video-conferencing, aimed to raise smaller firms' awareness of how they could collaborate with universities to improve their growth and boost economic development. The findings from the seminar are being put together in a report targeted at smaller firms throughout Wales.
There is more on this story at:
http://www.cardiff.ac.uk/news/articles/helping-the-smaller-business.html
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Events
The Landlord Show, Birmingham, 6 December
This event is aimed at people looking to make a living from renting out accommodation and includes seminars on topics such as buying property, legislation and tax issues. There will also be trade stands and networking opportunities.
To find out more, go to: http://www.landlordshow.info/home.asp
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Useful publications and services
Online weather tools available
The Met Office has launched a range of online gadgets which will prove a handy reference tool for firms whose businesses depend upon or are affected by the weather. The mini applications include localised weather forecasts, severe weather warnings, marine warnings and radar images. Users must have either the Firefox web browser or the Windows Vista operating system to access the tools, which are free of charge.
For more information, go to: http://www.gnn.gov.uk/Content/Detail.asp?ReleaseID=332367&NewsAreaID=2
You can download the tools at: http://www.metoffice.gov.uk/weather/uk/gadgets/
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UK economy at a glance
Indicator Value Change on week Change on month Change on year
FTSE 100 6,279.2 + 11.9 - 382.1 + 229.1 £ against US $ 2.06 + 0.04% + 0.02% + 0.13% £ against € 1.39 0.0% - 0.04% - 0.08% UK inflation 2.1% - + 0.3% 0.3% UK interest rates 5.75% - - + 1.25% * Figures are as at midday on 26/11/2007
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Also from the publisher of BAD News
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