Once again, fears around the uncertainty of the date and form Brexit will take has led to risk aversion amongst clients who are waiting to see what direction both Brexit and the economy will take.
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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.
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 […]
This is a blow to the construction industry with both output and new orders declining to their largest extent since the first quarter of 2018. This weakness has also affected the hiring sector as employment numbers for May fell at their sharpest rate for more than six years.
“For many small businesses, the difference between getting paid in 60 days and 90 days can be vital. Cashflow problems due to late payments are a real problem for SMEs in this country and with first quarter figures showing a rise in insolvency among smaller businesses, it is an issue that needs to be robustly addressed.
There are now hundreds of miles of road that have been converted to smart motorways meaning that the hard shoulder can be used as an additional lane in order to ease peak traffic congestion. The red X above the lane indicates that the lane is not open, and it is potentially hazardous to use due to an accident or break down waiting to be cleared.
Anxiety and depression among SME owners are often linked to factors around cash flow and ensuring the viability of their company. This can be compounded when the business has invoiced for payment, but they are repeatedly paid late, or the payment becomes so overdue it becomes a debt.
London ULEZ The Ultra Low Emission Zone (ULEZ) has come into force in central London, with Birmingham and Leeds’ Clean Air Zones set to follow by January 2020, and cities such as Manchester and Sheffield also looking at ways to charge the most polluting vehicles entering their cities. This is all good news for campaigners […]