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The latest Small Business Strategy from the Business and Trade Committee has urged the Government to address the late payment crisis that disproportionately affects smaller UK SMEs. According to this survey, businesses are currently owed an average of £66,770 in unpaid invoices, representing a 10 percent increase from the previous year.While the survey does not…
It appears that sales for UK retailers took a hit in October, as shoppers seemed to hold off for Black Friday bargains. Supermarkets, clothing stores, and even online mail order businesses all experienced declines in sales, which the ONS (Office for National Statistics) attributed to consumers postponing purchases ahead of the annual Black Friday sales.…
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