Has your business been affected by customers using poor payment practices with you? Research by the FSB in 2015 revealed that almost one in five small businesses had been subject to some form of poor payment tactics. They are looking for small businesses to tell their stories to be used by local MPs in a […]
Continue Reading“The UK faces a productivity challenge whereby its performance has weakened compared to the rest of the G8 economies. Research demonstrates that small and medium-sized enterprises (SMEs) are a key under-tapped resource for addressing this challenge… We believe the education of high-growth small businesses has a vital role to play in enhancing this enterprising economy” …Michael […]
Continue ReadingPaying 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 […]
Continue ReadingIt’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 […]
Continue ReadingQuantitative 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 […]
Continue ReadingWith 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 […]
Continue ReadingThe FSB has recently written to its members drawing attention to its campaign against late payments. The text of this letter follows: Research published from the Federation of Small Businesses (FSB) makes clear the scale of the UK’s payment problem and The Federation of Small Businesses sees the Government’s proposal for a Small Business […]
Continue ReadingMost people, businesses and governments want more money, but where does it come from? This question is addressed in a 2012 book published by the new Economics Foundation called simply “Where Does Money Come From?” In this treatise, the authors Richard Werner and his co-authors Josh Ryan-Collins, Tony Greenham and Andrew Jackson piece together information […]
Continue ReadingHost to the opening of the Tour de France in 2014, stunning castles, beautiful and serene dales, wild and windswept north Yorkshire moors, breath-taking minsters and beautiful industrial architecture with the marvellous city of Hull the UK City of Culture for 2017 – what a fantastic place to be… Unless of course you’re an SME […]
Continue ReadingThe Prime Minister has recently announced that large companies will be forced to prove what they are doing to stop slavery and trafficking in their supply chains. The new rules, which will apply to more than 12,000 firms with a turnover of £36m or more, will begin in October 2015. As part of the Modern […]
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