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Big Companies Told to Pay Smaller Suppliers Within 30 Days

Tuesday 19th January, 2021 Written by Keith Tully

Big companies in the UK are being told by the government to pay their suppliers within 30 days of receiving their invoices.

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Retailers Suffered Worst Year on Record for Sales Growth in 2020

Wednesday 13th January, 2021 Written by Keith Tully

Retailers in the UK endured what was statistically their worst year on record in terms of sales growth during 2020.

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250,000 Companies Could Fail This Year, Warns FSB

Monday 11th January, 2021 Written by Keith Tully

As many as 250,000 small firms could close this year unless government action is taken to prevent such a scenario from happening.

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SME Borrowing Levels ‘More Than Doubled in 2020’

Thursday 7th January, 2021 Written by Keith Tully

The scale at which SMEs borrowed last year vastly outstripped comparable figures for the previous 12 months.

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Paperchase Poised to Enter Administration

Wednesday 6th January, 2021 Written by Keith Tully

The stationery retailer Paperchase has filed a notice to appoint administrators and could soon be the latest high street operator to head of business.

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Government Promises New Lockdown Grants for Businesses

Tuesday 5th January, 2021 Written by Keith Tully

The government has pledged to provide emergency grants to businesses being badly impacted by the latest Covid-19 lockdown measures.

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Wave of Insolvencies Forecast to Hit Britain in 2021

Thursday 10th December, 2020 Written by Keith Tully

The UK will be faced with a wave of company insolvencies once the government’s business support interventions come to an end next year.

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Mike Ashley’s Frasers Group Lines Up Potential Debenhams Rescue

Tuesday 8th December, 2020 Written by Keith Tully

A group owned by the retail tycoon Mike Ashley is officially in talks with administrators to potential rescue the recently collapsed department store business Debenhams.

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Supermarkets Commit to Paying Back Over £1bn in Business Rates Relief

Friday 4th December, 2020 Written by Keith Tully

Several of the UK’s biggest supermarket chains have committed to paying back tens of millions of pounds they received this year as a result of the government’s business rates relief policies.

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