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Prompt Payment could be duplicated by ‘fair payment’
 The announcement of
the Government’s plan for a ‘fair payment’ code to accelerate payments to
sub-contractors on public construction projects, has received a cautious
reception from the ICM and Bacs Payment Schemes Limited.
Insolvency Service to cut back on investigations
Insolvency Service
investigations will be reduced as part of a department reduction in costs.
Citizens Advice to pilot debt management plan partnership
Citizens Advice has
launched a tender for a single, preferred debt management plan supplier.
Banks to investigate SME lending
Banks are to carry
out a study of the levels of lending to SMEs in
an effort to improve business credit.
Automotive insolvencies down
The rate of insolvencies in the automotive sector almost halved from 0.12% in
May 2009 to 0.07% in May 2010.
Business leaders support short term pain for long term stability
The majority of
business leaders expect the coalition Government to create a more favourable
environment for British companies.
Importers urged to prepare now for Christmas orders
Specialist
international trade finance provider Bibby Financial Services is calling on
import business owners and managers to consider their inventory and ensure
sufficient finances are in place to fulfil orders in advance of the festive
season.
Banks accused of increasing company insolvency fees
The OFT has
recommended fundamental changes to the regulatory system to deter Insolvency
Practitioners from any sharp practices.
Sub-prime lender mulls sale
Sub-prime
lender Cattles has revealed it is mulling a possible offer for the firm.
PPI - consumers given more time to appeal
Consumers who
believe they have been mis-sold PPI alongside a loan are to be given extra time
to refer their cases to the Financial Ombudsman Service..
Turnover up for over half DCAs in
2009
Just over
half of DCAs grew their turnover during the last year, according to the latest
Experian White Paper report into the industry.
Debt rises for young
Consumers
under 21 owe more than £8,000 in unsecured debts, according to new research.
Credit News Archive
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