Business news 5 July 2022
James Salmon, Operations Director.
A shortened post today.
NI
UK Prime Minister Boris Johnson and Chancellor Rishi Sunak have penned a joint article to outline what they are calling “the single biggest tax cut in a decade” in a show of unity on the cost-of-living crisis. Writing in the Sun on Sunday, Johnson and Sunak said when the National Insurance threshold rises overnight this coming Wednesday from £9,880 to £12,570 it will save 30 million British workers up to £330 a year.
Gas
Norwegian offshore oil and gas workers went on strike, reducing output by 13% adding to the acute supply constraints across Europe caused by the Russian invasion of Ukraine
Sainsburys
Sainsburys said it expects pressure on consumers to ‘only intensify’. The board said it is investing £500m to March 2023 to keep prices low but like for like sales fell 4.5%.
DFS
DFS Furniture expects its annual profit will be in the upper half of earnings guidance.
International trade
US / China talks were constructive according to both sides. The US and China recognised the ‘world economy is facing severe challenges’ and it is of great significance to strengthen macro-policy communication. The US is considering changing some Trump era tariffs on Chinese goods
Why should you become a CPA member!
The Credit Protection Association (CPA) has been assisting thousands of UK businesses to get paid since 1914. We have seen many financial crises, this one will be particularly deadly for suppliers for some time to come.
CPA eases cash from tardy debtors – Efficiently, Effectively, Economically and Ethically. And we provide credit information so you can monitor and assess your key customers.
Unlike other credit management companies, we charge our members a fixed annual subscription irrespective of how high the debt value is!
It takes less than 17 minutes to see how you would benefit, do you have the time now?
No face-to-face meeting required – just call Peter Uwins, CPA’s National Sales Manager, on 020 8846 0000 (business hours) or email nsm@cpa.co.uk today.
When you see your money come in, you will be so glad you used CPA.
The Credit Protection Association – Prompting Punctual Payments – Ethical, Effective, Efficient, Economical collections
Do you have a commercial late payer that is causing you grief? Use CPA’s no-win, no-fee, commercial debt recovery service!
If you have a particular business customer who is late paying and causing you sleepless nights, why not offer it to CPA for purchase on recourse?
CPA’s collection department will then pursue the debt. We will be liable for any costs incurred and then when we have recovered the debt, we will pay you the net principle debt recovered less our percentage.
Once you have enjoyed that success then you can consider the more cost effective membership which includes our Overdue Account Recovery service and Status/Credit reports as well as a range of other complimentary services.
Just call 020 8846 0000 and ask for Godfrey Nelson or Cris Shirley (business hours) or email debtpurchase@cpa.co.uk today.
The Credit Protection Association – Prompting Punctual Payments – Ethical, Effective, Efficient, Economical collections.
Get compensated for previous late payments
Have you been paid late by business customers in the last six years?
Maybe you no longer work with them. Under legislation, you are entitled to compensation you for those late payments you have suffered.
You put up with the PAIN – now claim the GAIN!
Claim late payment compensation (LPC) from former business customers who paid you late in the last six years!
CPA (LPC) Recoveries is using our bespoke software and decades of experience to do just that for our clients
The Credit Protection Association – Prompting Punctual Payments – Ethical, Effective, Efficient, Economical collections.