Business development

Late payment culture a ‘barrier’ to economic recovery

Problems with late payments and unilateral changes to payment terms and conditions have been described by a business group as one of the main barriers to a return to economic growth.

Caps to be imposed on training funding

The amount of government money that goes into funding apprenticeships and training schemes is to be limited following the unprecedented level of take-up among employers.

More businesses urged to sign up to prompt payment code

Big businesses are being called on to add their names to the Prompt Payment Code.

Capital allowances will 'benefit relatively few' firms

The increase in capital allowances announced in the Budget is unlikely to help large numbers of smaller firms, according to two trade and business organisations.

Change back to old VAT rate should be 'delayed'

The government should consider switching the date on which the standard rate of VAT moves from 15 per cent to its former level of 17.5 per cent.

Moratorium urged on new employment law

The UK’s smallest firms find it difficult to cope with the demands of employment law, the British Chambers of Commerce (BCC) has said, prompting a call for a three-year moratorium on new legislation.

Wage cuts and freezes in the pipeline

Over half of employers are intending to freeze wages this year, and 12 per cent are planning to introduce wage cuts, according to a new survey.

Hopes that credit insurance scheme will boost cashflow

The government has introduced its trade credit insurance scheme in the hope that it will ease cashflow problems for firms.

Tax relief for loss-making firms should go 'further'

Once profitable businesses that are now suffering losses as a result of the recession were offered some relief in the Chancellor’s Budget.

Short-time working 'deserves' government support

Business groups and unions have called on the government to implement a temporary short-time working scheme across the UK in the forthcoming Budget.

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