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Managing costs

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.

Rising pension costs hampering business and UK growth

Rising pension costs are slowing business's growth and holding back investment and new jobs, the Confederation of British Industry (CBI) has warned.

Postage on second class parcels capped by Ofcom

Charges for sending second class large letters and small parcels will be capped, the regulator Ofcom has confirmed.

Local councils in the dark over spending and contracts

The Government must encourage local councils to monitor and assess their spending to maximise the benefit to local communities, the Federation of Small Businesses (FSB) has said.

Late payment improving amongst businesses

UK firms are waiting less time to receive payment from their debtors, according to data from Experian.