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Tough new payment rules come into force

Tough new payment rules come into force

Tough new rules, first introduced by the Cabinet Office in November 2018, have come into force this month. The new rules mean that all government suppliers must pay 95% of their invoices within 60 days or run the risk of being excluded from the opportunity to bid for lucrative, taxpayer-funded government contracts. Federation of Small […]

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Banks & Shops to roll out new anti fraud measures

Banks & Shops to roll out new anti fraud measures

New Anti Fraud measures There was a 19% rise in the amount of money lost to fraud on UK payment cards last year compared to 2017. The amount lost is estimated to be around an eye-watering £671 million. In order to try and combat this rise, banks and shops are starting to gradually roll out […]

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Turbulent times for businesses and consumers

Turbulent times for businesses and consumers

Turbulent times The current turbulent political landscape is having a detrimental effect on the confidence of UK businesses and consumers. Recent surveys indicate that August saw a dip in confidence for both businesses and consumers with confidence draining away as the Brexit crisis deepens. Consumer confidence A survey of consumer confidence from market research company […]

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How does Debt Collection Work?

How does Debt Collection Work?

There is a lot of confusion and misinformation around the work done by debt collection agencies and they have not always had a good time in the press. But is it really a murky business full of cowboy companies getting money back by any means necessary? The short answer is no. Debt collection agencies are […]

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Professional services for large corporations

Professional services for large corporations

Daniels Silverman manages some of the High Street’s biggest names and we work tirelessly to ensure that the service we provide reflects the reputation of our clients. Our focus is not just about what we collect, it’s about how we collect. We collect thousands of pounds every week for our clients and work hard to ensure that they get what they are owed, but we do so fairly, ethically and sincerely.

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Is the UK heading for a full-blown recession?

Is the UK heading for a full-blown recession?

The economy has shown a mixed picture recently with wages, excluding bonuses, rising at their fastest annual pace since 2008 between March and May combined with a slowdown in employment growth suggesting a loss of momentum in the labour market. The good news was the unexpected rise in retail sales in June, reversing the fall seen in May. However, economists have said that the uncertainty that still surrounds when Brexit will happen and crucially, what form it will take, is likely to slow down spending in the coming months

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Mixed reactions to late payment proposals

Mixed reactions to late payment proposals

There will be a government consultation on strengthening the powers given to the Small Business Commissioner to hold firms to account should larger companies fail to make their payments on time. What these powers would be is not certain, but they could include enforcing binding payment plans or imposing financial penalties on businesses found to have unfair payment practices.

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No-Deal Brexit: Uk firms ‘not even close to ready’

No-Deal Brexit: Uk firms ‘not even close to ready’

UK firms not ready Figures seen by Newsnight suggest that many UK businesses are woefully unprepared for a no-deal Brexit. In February HMRC launched a scheme aimed at easing imports if the UK left the customs union and single market suddenly. The Transitional Simplified Procedures scheme (TSP) has been designed to help UK businesses import […]

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