Managing costs

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.

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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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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.

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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.

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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.

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Late payment improving amongst businesses

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

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Top 100 FTSE companies urged to sign prompt payment code

Some of the UK's largest and most successful businesses are being asked to agree on paying their smaller suppliers on time.

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Cap on mobile tariffs within EU to benefit businesses and consumers

The costs of using a mobile phone when abroad have now become significantly cheaper, under new EU regulations.

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3p rise in fuel duty is postponed

The Government has announced the 3p rise in fuel duty, planned for August, will not go ahead this year.

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SMEs reject business payday loans

Small businesses are unwilling to use payday loans as a way of financing their business, according to market research company BDRC Continental.

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