Personal savings, European double dips, and income tax worries - here's your need-to-know business news roundup.
Entrepreneurs are relying on personal savings as their primary source of working capital.
This is according to new figures from Bibby Financial Services, which suggest that two thirds of businesses did not seek external finance in 2011. [Telegraph]
Europe is slipping further towards a double dip following news that Italy has returned to recession.
Italy, Germany, and the Netherlands all saw contraction in the final quarter of 2011 – but the French economy grew by 0.2 per cent. [BBC]
The government may shelve plans to increase the personal allowance according to reports.
The Independent has suggested that the Chancellor may be preparing to use the threat of a credit downgrade as cover to scrap the planned rise. [Independent]
