Business news 6 June 2022
James Salmon, Operations Director.
European Central Bank
According to reports the ECB is set to join other central banks and start raising rates after inflation in the Eurozone hit record highs.
Tube Strikes
24 action is set to hit much of the Capitals tube network
Hurricane Warning
JP Morgan CEO, Jamie Dimon warned investors to prepare for an economic “hurricane” as the global economy struggles against an unprecedented combination of challenges, including rising interest rates and Russia’s invasion of Ukraine.
Meta
Sheryl Sandberg is stepping down as chief operating officer of Meta, the parent company of Facebook, Instagram and WhatsApp but will remain on the board.
US Payrolls
US non farm payrolls rose faster than expected last week, adding 390 thousand jobs, beating estimates of 318 thousand.
Tesla
Elon Musk announced he would be cutting 10% of the staff after saying he had a super bad feeling about the economy.
Oil
OPEC+ agreed last week to speed up its production levels to meet rising prices, increasing global supply by 0.4% in July and August.
Sterling
The pound is up this morning as risk sentiment returns and commodity currencies rise.
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.