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Fair Payment Code alone cannot save SMEs

Fair Payment Code alone cannot save SMEs

Lower interest rates and a recent easing of inflation may suggest light at the end of what’s been a very long, dark tunnel for Britain’s Small and Medium Enterprises (SMEs), but late payments remain a major killer in the bedrock of our economy. Research by the Smart...

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Trump boost to defence firms masks bigger woes

Trump boost to defence firms masks bigger woes

Shares in two of Britain’s biggest manufacturers soared on news of a Trump victory in the US, but the picture belies deeper problems for factories and engineering based businesses on this side of the pond. BAe Systems and Rolls-Royce, both acclaimed FTSE100 engineers...

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LETTER FROM LONDON: LABOUR’S FIRST BUDGET

LETTER FROM LONDON: LABOUR’S FIRST BUDGET

Ever since the Labour Party conference in late September there had been ominous rumblings that anything up to an additional £50 billion might be made available annually for infrastructure expenditure by the alchemy of 'freeing up the rules on Treasury borrowing'....

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Collapsed company criminals face time behind bars

Collapsed company criminals face time behind bars

Sanctions against dodgy directors have been stepped up considerably this year: long disqualifications are now for the lucky ones, as prison becomes an increasingly favoured option for the Insolvency Service. This month, a former sole director of a ‘non-specialised...

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Car dealers forced to slam on brakes

Car dealers forced to slam on brakes

Selling cars has never before seemed such a risky and complex business to be in, judging by recent failures large and small. Completely Motoring, with 165 staff across its 14 showrooms in 11 locations, is the latest group to enter administration and the list of...

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Football’s finance bubble risks rights deflation

Football’s finance bubble risks rights deflation

The Jeremiahs who were quick to spot financial doom for the local authority and university sectors are already betting on the bloated football industry to deliver a string of administrations. This month alone has seen two major Scottish clubs, Rangers and Caley...

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TGI Fridays rescue beats hospitality woes

TGI Fridays rescue beats hospitality woes

When leisure retailer and (at the time) brewer Whitbread brought TGI Fridays to the UK in the mid-1980s, hospitality was beginning an upheaval which has continued to this day – although possibly not for the same reasons expected by the FTSE100 giant. The key word here...

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ISG collapse must bring change to contracting

ISG collapse must bring change to contracting

The fall into administration of UK contracting group ISG bodes ill for the world of large-scale construction and raises questions about how the industry’s present business model can be sustained. The largest UK contractor to collapse since Carillion entered...

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