UK SME owners urged to use technology to reduce time spent working

Barclays research reveals that UK entrepreneurs spent an average of 61.1 hours working each week in 2005, significantly ahead of the UK average working week of 37.4 hours.

However, as the long hours culture persists more and more owner-managers are drawing the line at letting work eat into their weekends. 43 per cent said they now will not work weekends compared to 36 per cent in 2003 and Sundays have become even more precious with only 29 per cent admitting to working on that day compared to 36 per cent in 2003.

One easy way to save time is to do banking online - as the research indicates, businesses who adopt new technologies like online banking are already enjoying shorter working weeks’.

The development and uptake of new technologies is having a positive impact on hours worked - 46 per cent of businesses with internet access work a standard 5 day week, compared to just 35 per cent of those without.