//
you're reading...
business growth & Development, Business News

UK small businesses miss out on special discounts and savings given to larger firms

Small businesses miss out on special discounts and savings given to larger firms

Small businesses miss out on special discounts and savings given to larger firms

A number of small businesses around the UK have admitted that they need to do a lot more to help reduce costs, however, it’s believed that many small business owners are struggling to balance their firm’s expenditure with maintaining growth.

A recent study by American Express Corporate Membership Rewards showed that 56% of principal financial decision makers from small businesses around the UK found that the 2.5% increase in VAT had lead them to review their firm’s expenses systemin an attempt to get more value for their outlay.

In spite of this, 62% claimed that they could do more to achieve greater savings. However, they added that this is astruggle due to the fact that they usually miss out on many of the savings schemes, tax rebates and other forms of discounts enjoyed by larger corporations.

With a large number of small businesses still suggesting that, in spite of the currentpoor economic conditions, they still feel that travelling to meet important clients face-to-face is essential to help win further business and is in fact key to the longerterm survival and success of their company.

The Vice President of commercial cards at American Express UK, Katrina Cliffe, stated:

“Against the backdrop of the VAT increase and speculation about interest rate rises later this year, mid-sized companies are focusing more than ever on maximising business expenditure.”

Ms Cliffe went on to add:

“Travel and entertainment costs typically account for an organisation’s third largest controllable cost after salaries and IT, and our survey shows that mid-sized companies in the UK are keenly aware of the need to put an even greater focus on how to achieve the best value from suppliers and from their overall company spend.”

Advertisements

Discussion

38 thoughts on “UK small businesses miss out on special discounts and savings given to larger firms

  1. First-class story it is really. My father has been looking for this information

    Posted by Inverter Generator | February 28, 2011, 7:32 pm
  2. Howdy, I just hopped over for your website online via StumbleUpon. No longer one thing I’d usually learn, but I liked your thoughts none the less. Thanks for making something price reading.

    Posted by cellulean | March 1, 2011, 12:40 am
  3. I simply want to mention I’m new to blogging and site-building and seriously enjoyed this web blog. More than likely I’m going to bookmark your blog post . You really come with fantastic well written articles. Thanks a lot for sharing with us your website.

    Posted by Bankruptcy Attorneys In Luzerne County Pennsylvania | March 1, 2011, 5:21 am
  4. I’m definitely happy that I found your website, it had basically everything as far as the information I’ve been looking for

    Posted by Auto Profit Sniper Review | March 1, 2011, 5:53 am
  5. It’s hard to find knowledgeable people on this topic, but you sound like you know what you’re talking about! Thanks

    Posted by Timothy Abdella | March 1, 2011, 7:16 am
  6. I’m definitely happy that I found your website, it had basically everything as far as the information I’ve been looking for

    Posted by cellulean | March 1, 2011, 11:23 am
  7. ome genuinely nice stuff on this website , I enjoy it.

    Posted by laser hair removal | March 1, 2011, 2:23 pm
  8. I couldn’t have really asked for an even better blog. You are ever present to give excellent tips, going on to the point for straightforward understanding of your target audience. You’re surely a terrific professional in this area. Thank you for always being there guys like me.

    Posted by Instant Cash Empire Review | March 1, 2011, 4:38 pm
  9. I thought your post was really good! :] You should keep on posting more info ^^b Ill check back often!

    Posted by Best Way to Lose Weight | March 1, 2011, 5:41 pm
  10. Great share it is definitely. My friend has been looking for this tips

    Posted by Inverter Generator | March 2, 2011, 6:21 am
  11. Thanks for finding the time and keep this web site kept up to date, I operate a site personally and it is hard work to locate enough time to keep it running!

    Posted by PLR Niche Formula | March 2, 2011, 9:06 am
  12. very informative blog thanks

    Posted by Fidel Timmreck | March 2, 2011, 9:08 am
  13. Thanks for this gr8 article. I found it with google and i find it very helpful. i will look for more interesting new articles at this wordpress blog. (:

    Posted by Kenneth Ortman | March 2, 2011, 10:39 am
  14. Searched Google and landed up here – its good so I posted the site on my Facebook account !

    Posted by the vampire diaries online | March 2, 2011, 4:30 pm
  15. I couldn’t have really asked for an even better blog. You are ever present to give excellent tips, going on to the point for straightforward understanding of your target audience. You’re surely a terrific professional in this area. Thank you for always being there guys like me.

    Posted by Fullmovies.com Review | March 2, 2011, 6:46 pm
  16. Outstanding share it is really. Friend on mine has been searching for this content

    Posted by Inverter Generator | March 2, 2011, 6:54 pm
  17. You seem like you did alot of research lol. Ill be checking this blog frequently!

    Posted by Payday Loans No Credit Check | March 2, 2011, 8:14 pm
  18. Cool info it is surely. We’ve been seeking for this information

    Posted by 3 Card Poker | March 2, 2011, 11:08 pm
  19. It’s everything here exactly what I was looking for 🙂 I’m so happy that I step in right here.lol

    Posted by plandeki | March 3, 2011, 1:07 am
  20. I don’t know if I completey agree with a couple of your statements, but you know there is always a need for this. I enjoyed your stuff keep it up.

    Posted by instant cash empire review | March 3, 2011, 6:11 pm
  21. Incredible, that was a interesting find!! Going to bookmark this blog! Post more info soon!

    Posted by Best Way to Lose Weight | March 3, 2011, 6:22 pm
  22. Incredible, that was a interesting find! I want to see tons of additional posts! keep updating your blog! =)

    Posted by Best Way to Lose Weight | March 3, 2011, 6:58 pm
  23. It’s actually a cool and useful piece of information. I’m glad that you shared this useful info with us. Please keep us up to date like this. Thanks for sharing.

    Posted by Grayce Lazzara | March 3, 2011, 7:30 pm
  24. Wow, that was very interesting o_o I learned quite a bit from that. I will be constantly visiting this page! ^^b

    Posted by Payday Loans No Credit Check | March 3, 2011, 9:26 pm
  25. I love your blog layout One of the best I’ve seen.

    Posted by Lorrie Willadsen | March 4, 2011, 6:30 am
  26. Hello, this can be a super site. I’m forever looking out for blogs like this. Keep up the good effort!

    Posted by Carroll B. Merriman | March 4, 2011, 10:29 am
  27. So much ussful information! <33 You got my seal of approval =]

    Posted by Payday Loans No Credit Check | March 4, 2011, 7:36 pm
  28. Lol it’s true good insight there friend. I’ll probably keep coming back for your articles.

    Posted by instant cash empire | March 5, 2011, 7:43 am
  29. The guidelines you shared here are really useful. Rrt had been such a fun surprise to have that waiting for me after i woke up this very day. They are constantly to the point and straightforward to learn. Thanks a ton for the valuable ideas you have shared right here.

    Posted by auto profit sniper review | March 5, 2011, 7:43 am
  30. Thank you so much for providing individuals with an extraordinarily brilliant opportunity to discover important secrets from this web site. It’s usually very beneficial and as well , jam-packed with amusement for me personally and my office mates to visit your web site not less than 3 times a week to read the fresh things you have got. And definitely, I’m so always motivated with the unbelievable tips you serve. Selected 2 tips in this post are absolutely the best I’ve had.

    Posted by plr niche formula | March 5, 2011, 7:43 am
  31. I simply want to mention I’m new to blogging and site-building and seriously enjoyed this web blog. More than likely I’m going to bookmark your blog post . You really come with fantastic well written articles. Thanks a lot for sharing with us your website.

    Posted by stripped down profits review | March 5, 2011, 7:43 am
  32. I simply want to mention I’m new to blogging and site-building and seriously enjoyed this web blog. More than likely I’m going to bookmark your blog post . You really come with fantastic well written articles. Thanks a lot for sharing with us your website.

    Posted by plr niche formula review | March 5, 2011, 7:43 am
  33. @Dan I get your drift on where you were going there. I often think of my past and use it as a means to analyze where I am and where I want to get to. Where I struggel is balancing it all out. How do you guys balance things out?

    Posted by stripped down profits review | March 5, 2011, 7:43 am
  34. You had solid ideas there. I made a search on the issue and found most peoples will agree with your blog. You may find that some of the pages are not things you think you need to remember.

    Posted by h milagro | March 6, 2011, 2:58 am
  35. I love the post you put up. Amazing, so much useful info.^.^ I will check back here alot.

    Posted by Payday Loans No Credit Check | March 7, 2011, 4:00 am
  36. I love reading the post you put up. I will visit often! Continue to update your blog!!! d^_^

    Posted by Payday Loans No Credit Check | March 7, 2011, 5:27 pm
  37. I love when you talk about this type of stuff in your posts. Perhaps could you continue to do this?

    Posted by World of Warcraft Guides | March 8, 2011, 5:34 am
  38. I think you made an interesting post! I hope you will update your blog!!! ❤ I will visit again later! 🙂

    Posted by Payday Loans No Credit Check | March 8, 2011, 7:52 pm
%d bloggers like this: