Excluding London it has been found that Milton Keynes is the most expensive place to operate a small business, this according to the Alliance and Leicester Business Banking unit.
It has found that the property rental costs, the price of labour and also transportation are higher here, meaning small businesses have to deal with higher operating costs before they can begin to make any profit. The Alliance and Leicester found Milton Keynes to be the most expensive place to rent retail space and also the eighth best place for wages.
One of the good things about this Alliance and Leicester survey is that high business costs are also associated with businesses doing well. Therefore there are opportunities for new businesses to succeed in Milton Keynes.
The Abbey National has been speaking to families in the UK and found them cutting their holiday budgets so they can allocate more of their money to day to day living expenses.
Compared with last year the average family spends around GBP175 less than they were doing on a holiday, prompted in no small part by the expectation of fuel and food bills going up by around 60 percent compared with last year. Other areas of family life are also seeing cuts said the Abbey National, including childcare, sports, hobbies and toys.
It is a natural stance to take said the Abbey National, since parents try and manage their finances with common sense, knowing that their family depend on them.
Over 5,000 copies of the Nationwide Building Society Teenagers Guide To Money have been distributed to schools and colleges across the country.
The reason the guide was produced is that just under 70 percent of teenagers in a Nationwide Building Society survey stated that they did not really understand much about finance. With this in mind the Nationwide want to equip young people with a better knowledge and understanding of finance so they can make better choices when selecting a bank account and have to manage their own money.
A Nationwide Building Society spokeswoman said that the teenagers guide would help those people leaving school and equip them with a knowledge that will stand them in good stead for the future.
