Managing costs

Proposed changes to improve funeral payments scheme

The government is proposing changes to the way individuals can claim payments to cover funeral costs for an immediate friend or relative.

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New Prompt Payment Code measures announced

New measures to support Prompt Payment Code have been backed in a letter from Small Business Minister Margot James.

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Cost of national living wage affecting profits

The cost of the new national living wage continues to affect profitability for small businesses.

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SMEs writing off unpaid debts

82% of SMEs still have outstanding balances from their debtors, with the average owed estimated at £62,957.

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Parents unaware of support available

50% of first-time mothers are unaware of the government’s childcare policies and the support available to them, according to a Social Mobility and Child Poverty Commission survey.

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Funeral costs rise faster than inflation

Funeral costs have risen by 2.9% to £3,693, 29 times higher than UK inflation according to new research by SunLife.

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Micro firms quickest to pay invoices

Micro businesses tend to be the fastest to pay their invoices out of all sizes of business in the UK, according to new research.

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Auto-enrolment could slow business growth

Auto-enrolment costs could stall the growth of small and micro businesses, according to a survey commissioned by Enrolsme.

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National minimum wage to rise to £6.70

The national minimum wage for adults will increase by 20p to £6.70 on 1 October 2015, the government has announced.

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Small costs result in big expenses for SMEs

SMEs owners often underestimate the small day-to-day costs of running a business, research by AXA has suggested.

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