Hammond urges ‘radical’ change on late payments. 26th July 2019. Philip Hammond, in one of his last interventions as Chancellor of the Exchequer, advocated for “radical cultural change” to stamp out the toxic business practice of late payments, as SMEs

SMEs to benefit from a Prompt Payment Code overhaul. 23rd July 2019. An overhaul of the Prompt Payment Code could benefit the small businesses and provide better protection from late payments. The government scheme designed to encourage big businesses to

Jamie’s creditors to lose £83m. 23/7/2019. Jamie’s Creditors look set to miss out. Creditors for British restaurant chain Jamie’s Italian are facing losses of £83m following the business’s collapse in May, a new report from administrators at KPMG reveals.  

Penalising Big Business alone will not end the late payment culture Last month we wrote about the new government proposals to tackle late payments. You can see the Governments full document here : Creating a responsible payment culture: a call

Banks treating small fintech start-ups ‘unfairly’ 3rd July 2019 Experts are warning fintechs to exercise caution when considering takeover offers from big banks, as reports of SMEs being taken advantage of increase. Several senior fintech executives have pointed to recent