Government efforts to tackle late payments through supply chain accountability could be exploited by large firms, as new research reveals a significant lack of awareness within the small business community of new “duty to report” obligations. more»
Government policy towards freelancers and self-employed workers, as well as disruptions and concerns caused by Brexit, were cited as having the greatest negative impact on confidence. more»
Two-thirds of small business owners would hire up to five new members of staff if all invoices were immediately paid – bringing a potential 3.4m jobs to the economy. more»
As Jeremy Corbyn outlines his plans to tackle Britain’s small company payments scandal, Business Advice reveals it is actually excessive payment terms that are causing the real problems. more»
Labour Party leader has declared the UK’s late payment culture a “national scandal”, and will impose a payment cap on big business supplier payments should the party come into power. more»
Just two per cent of freelancers and micro business owners believe that the incoming late payment tsar will successfully fix the UK’s late payment culture, according to a new poll. more»
The search will run from 12 February to 13 March 2017, with the final appointment decision to be made by secretary of state Margot James, supported by a panel of judges. more»
Late or non-payment of invoices is shown to be by far the biggest cause for dispute among business owners. Almost three quarters of the legal struggles of small firms stem from late or non-payment issues. more»
From April 2017, larger UK firms will have to publish twice annually details about the average time taken to pay the invoices of smaller suppliers. more»
Private UK businesses now total 5.5 million, as the nation’s overall business population has grown significantly in the last six years, new government statistics have shown. more»
