Managing costs

Tighter rules needed for Prompt Payment Code, says business group

The Forum of Private Business (FPB) has called for changes to the Prompt Payment Code (PPC) after learning that large companies with payment times as long as 90 days are planning to sign up.

Small businesses failing to make long term plans

Many small and medium sized enterprises (SMEs) are failing to plan ahead for the long term because of economic uncertainty, research from Npower has found.

Business group disappointed with OFT fuel pricing report

Business and motoring groups have voiced concern over an Office of Fair Trading (OFT) report that concluded fuel prices in the UK were fair.

One in five still clearing Christmas 2011 debt

With many Brits nursing their financial hangovers from Christmas 2012, almost one in five is still paying off debt from Christmas 2011, research from comparison service uSwitch has found.

Businesses ignoring Prompt Payment Code to be named

Big businesses that do not sign up to the Government's Prompt Payment Code (PPC) will be publicly 'named and shamed', business minister Michael Fallon has warned.

SMEs face rising business costs

The majority of small businesses in the UK (95 per cent) have seen a rise in business costs over the past year, according to research from the Forum of Private Business (FPB).

Rising energy bills and late payments putting small businesses at risk

Small and medium sized enterprises are facing an uphill battle against rising costs and late payments, the Forum of Private Business (FPB) claims.

Freeze business rates or face more empty shops, say retailers

A group of retailers are calling on the Government to freeze business rates ahead of September's RPI inflation figure announcement.

Business group calls for speedier end to cheque payments

Plans to axe the cheque by 2018 should be brought forward to reduce the number of businesses struggling with late payment, the British Chambers of Commerce (BCC) has said.

Businesses struggle to clear debt

Eight per cent of businesses are failing to clear their debts after only just managing to pay off interest charges, the insolvency trade body R3 has said.

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