The U.K. government is broadening the ability of small businesses (SMBs) to lodge complaints against their banks, according to Financial Times reports Tuesday (Oct. 16). The Financial Conduct Authority (FCA) will allow small businesses to file complaints and secure compensation with the Financial Ombudsman Service (FOS)...
In the late payments battle, a popular strategy to ease cash flow concerns is to target the business getting paid late. Broadening access to trade finance and small business (SMB) loans can help small suppliers that face lengthy payment terms from their large corporate customers...
The U.K. is making preparations in case a Brexit deal doesn’t go through by the March 2019 deadline. In July, Brussels rejected the U.K.’s proposals on how to govern London’s access to the European market after Brexit, saying that British Prime Minister Theresa May’s latest plan would take...
Nearly half of the U.K. government’s procurement spend on digital products and services is going to small suppliers, according to the latest data from the Minister for Implementation. Minister Oliver Dowden announced Friday (Aug. 24) that the government’s adoption of its digital eProcurement portal Digital...
January 14, 2019
Aiming to fight more financial crime, the U.K. government has recruited senior executives from Barclays, Lloyds Banking and Banco Santander. According to a report in Bloomberg, the new working group – called the Economic Crime Strategic Board – is being led by Chancellor of the Exchequer Philip Hammond and Home Secretary Sajid Javid. The group will […]
