Government introduces new prompt payment initiative

A new prompt payment initiative has been announced, which aims to prevent late payments to government suppliers and subcontractors. The initiative, which will come into force from autumn 2019, means companies could be prevented from winning government contracts if...

More SMEs consider changing workplace pension provider

Increasing numbers of small businesses are looking to change their workplace pension scheme, data from Aviva has shown. In the 12 months to September 2018, the insurer saw an 80% year-on-year increase in enquiries from SMEs about moving to a new auto-enrolment pension...

Chancellor should ‘back longer tenancies’, RLA says

Landlords are urging the Government to introduce tax incentives for long-term tenancies in Budget 2018. The Residential Landlords Association (RLA) has said the Government should use tax reforms, rather than legislation, to encourage landlords to offer longer...

Apprenticeship starts fall by 31%

The number of people starting apprenticeships has dropped by 31% compared to the last academic year, according to the Department for Education. Between August 2017 and May 2018 there were 315,900 apprenticeship starts, compared to 457,200 the same time the year...

Ombudsman ‘not ready’ to handle more SME disputes

MPs are doubtful that the Financial Ombudsman Service (FOS) will be able to handle disputes from SMEs, following a recent report. The FOS is an independent service that allows individuals and certain businesses to resolve disputes with financial service businesses....