The Cash Flow News Weekly

So, what’s been going on in the past week?   Can Small Businesses Save The High Street? Amid claims that e-commerce and shopping centres are ruining the high street, attempts are being made to revive and renew it. Recently, Mary Portas was backed by the government in an initiative to help revitalise the high streets of towns and cities across the UK – whilst Bill Grimsey, retail veteran, wrote a report recently expressing his opinion that variety was key, where communities with a diverse range of activities would increase footfall – rather than just increasing … Continue reading

The Cash Flow News Weekly

So, what’s been happening in the last week?   Government pledges £10m to help SMBs affected by floods After the recent floods in southern England, the government has announced a £10million funding package for small business who have been affected. The new hardship find will be available to businesses from the flooded areas that have either been damaged or have suffered loss of trade. It has been funded by the Department for business innovation and skills – equalling around £2500 per business. Cameron said that the government would continue to do what it can to … Continue reading

The Cash Flow News Weekly

Happy Monday, everybody! Here’s what’s been happening in the last week…   The average business is owed more than £11,000 According to a recent study by SagePay, the average small business is owed £11,358 – with 1 in 5 businesses being owed more than £30,000. The study also revealed that small businesses spend the equivalent of two weeks per year chasing after unpaid invoices – 67% of them still using paper invoices. CEO of SagePay, Simon Black, commented, “the majority of invoicing is still done via paper and post – given the environment we’re now living … Continue reading

The Cash Flow News Weekly

What’s been happening this last week?   Lloyd’s Banking Group announces thousands of job cuts Lloyd’s Banking Group has announced more than 1,300 redundancies – including a quarter of its relationship managers, handling queries from Small Businesses. This comes amid speculation that Barclays is also preparing to announce redundancies under Antony Jenkins, who prompted speculation of new cuts after demanding a revision of company travel costs. Vince Cable, the Business Secretary, is said to be ‘angry’ about the cuts, reportedly telling colleagues that it is an ‘absolute betrayal’ by the bank – which had pledged … Continue reading