Supermarkets are being accused of "abusing their powers" and threatening the closure of small businesses by offering them bank loans instead of payment of invoices.
Chains including Marks & Spencer have introduced schemes that delay payments to SMEs that supply
FLS LENDING DOWN
Figures released by the Bank of England show net lending under the Funding for Lending Scheme (FLS) slumped by £810 million in the final quarter of last year. This followed falls in the previous three quarters and took
A new report has revealed that businesses are being paid at least one month later than agreed, and company directors are taking salary cuts to mitigate the impact.
One in five directors has been forced to take a salary cut to
"The enforced wage cut taken by one in five directors is a worrying development that shows how delayed payments are bringing many small businesses close to failure."
Research from Bacs Payment Schemes Limited (Bacs) reveals that one in five directors
Research by Bacs showed that more than a quarter have to take overdrafts to make ends meet, with one in ten having trouble paying staff on time and paying bills each month.
More than three quarters of firms are being
The tedium of a couple of weeks ago is but a distant memory as this week replicated last in being busy with some new enquiries. Talking with many invoice finance companies this week suggests there has been a real pick
"Basing wage increases on temporary market movements seems to be at odds with the long term economic plan." - Katja Hall, CBI Deputy Director-General.
The rate of wage growth remains central to the outlook for the pound sterling with the
The Groceries Code Adjudicator (GCA) has announced that it is to investigate Tesco over possible breaches to the Groceries Supply Code of Practice, relating to practices associated with the retailer’s profit over-statement in September.
Christine Tacon said she has discussed