October 2015

Prompt payments to SMEs – Tesco, from poacher to gamekeeper…?

Paying small businesses promptly has been a case of smoke and mirrors for a long time, but there were signs from Tesco this month that perhaps the smog is beginning to clear a little. The groceries code adjudicator Christine Tacon oversees the relationships between the UK’s 10 biggest supermarkets and their suppliers. Earlier this year […]


Government looks to reduce deficit by swapping R&D grants with interest bearing loans…

It’s breath-taking that the UK government can seek to reduce its own debt burden by transferring that same burden to small businesses – specifically to the most innovative of the UK’s SME sector… Driven by the exchequer’s target to cut the deficit, Innovate UK, under the department of business, innovation and skills (BIS) misguided leadership looks […]


Time to rethink Article 104 and the QE tool box as Cameron looks to renegotiate the EU rules…?

  Quantitative easing (QE) is defined by Investopedia as “…an unconventional monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money supply. Quantitative easing increases the money supply by flooding financial institutions with capital in an effort to promote […]


Late payments to SMEs hit Government cash flows

With BACS reporting £31bn owed to SMEs in late payments, the cash flow impact on small businesses is surely self-evident. Now the government is suffering delayed VAT receipts. Businesses in the UK owe almost £2.6 billion to HMRC in overdue VAT as late payment from clients forces them to delay paying tax, according to leading […]


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Financial direction with a commercial edge