Business owners remortgage homes

Empty pockets
Empty pockets

One in 20 small business owners have remortgaged their house to help pay wages and retain staff rather than make redundancies, according to a new study.


A survey among 300 smaller companies by insurance firm More Than also revealed that more than a third of owners had taken "significant" pay cuts over the past five years, often by as much as half.
%VIRTUAL-ArticleSidebar%