It estimates small firms are owed £26bn in late payments – and chasing debts costs them millions of pounds more.
Business minister Anna Soubry said the role would tackle the power “imbalance” between small and large UK businesses.
The Federation of Small Businesses welcomed the move but said it must be properly funded and be high profile.
Many UK SMEs are losing thousands of pounds and days of resource annually as a result of overdue or unpaid invoices. Here, Tristan Duncan, partner at MLP Law, takes a deeper look into the extent of the problem and how SMEs can tackle the issue effectively.
Submitted by Chris Martenson of Peak Prosperity, I am very disappointed by, but not surprised at, the latest transfer of weath to the bankers from everyone else. The most recent gold bear raid has vastly enriched the bullion bankers, once again, at the expense of everyone trying to protect their wealth from global central bank money printing.
As the nation debated the good and bad of foreign investment from Asian state-owned companies this month, Montreal investment executive Jean-Guy Desjardins was on a plane to Calgary to lock up a major acquisition.
During the trip, the chairman, chief executive officer and chief investment officer of Fiera Capital Corp., one of Quebec’s largest investment managers, met with his 20 new staff in Calgary at Canadian Wealth Management Group Inc., the company he purchased from Paris-based Société Générale, to “celebrate the beginning of our marriage.”
It's hard to meet budget targets as promised to the the bureaucrats in Brussels when revenues collapse and the State Spends Twice as Much as Previously Admitted in First Half.
Via Google translate (heavily modified by me) from El Confidencial: