The UK government is set to introduce new measures aimed at tackling late payments by large firms to small businesses, an issue that contributes to the collapse of 50,000 SMEs every year. On average, delayed payments cost small businesses £22,000 annually,

As the autumn budget looms, tax incentives and improved access to finance have emerged as key demands from UK SMEs, according to new research from Bibby Financial Services (BFS). The latest SME Confidence Tracker reveals that while business optimism has rebounded

Federal Reserve Chair Jerome Powell at a press conference. 2024. The Federal Reserve’s Federal Open Market Committee (FOMC) announced a 50 basis point cut in its federal funds rate target on Wednesday. The move marks a reversal at the

The Organisation for Economic Co-operation and Development (OECD) has warned that “significant action” is required to stabilise the UK’s public finances, urging Chancellor Rachel Reeves to reform fiscal policy. The OECD recommends scrapping stamp duty, scaling back the pension triple lock,

Asda’s co-owner, Mohsin Issa, is stepping away from his role in the day-to-day management of the UK’s third-largest supermarket, despite the fact that a permanent chief executive has yet to be appointed. This move allows Issa to focus on his position