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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.

Data from Experian shows that businesses with 2 workers or less paid overdue invoices within an average 20.58 days beyond the contract terms in 2014/15.

This is half a day quicker than in 2013/14 and almost 4 days quicker than the national average of 24...

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Saving picks up among UK households

More than two thirds of people in the UK have managed to save over the past 12 months, according to research by Lloyds Bank.

The latest Savings Report reveals that people are feeling increasingly confident in their financial positions and are boosting the amount they are saving as a result.

In the first quarter of 2015 almost 7 in 10 people said they have saved regularly over the...

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Directors call for fiscal discipline

The majority of company directors want the government to press ahead and achieve a budget surplus by the end of the parliament, an Institute of Directors (IoD) member survey has found.

Members of the IoD have listed their top priorities for the new government, which include a reduction of the deficit, increased spending on infrastructure and the lowering of taxes for businesses and...

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Business secretary announces Enterprise Bill

A new Enterprise Bill designed to reduce regulation on businesses by at least £10 billion over the next 5 years has been announced by Business Secretary Sajid Javid.

In his first speech at the head of the Department for Business, Innovation and Skills, Javid announced a host of radical regulatory changes and committed them to the first Queen's Speech of the parliament on 27th May.

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SMEs want more simplicity and stability

More than a quarter of SMEs say that simplifying the PAYE system should be the new government's number one immediate priority, according to a survey by Bibby Financial Services.

The invoice finance specialist asked 1,000 SME owners about their concerns for the 12 months ahead and found that PAYE reform was the biggest short-term priority for 22% of firms.

SME owners were also...

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