Bank Rate held at 3.75%: what SMEs should do about borrowing costs now
The Bank of England has held Bank Rate at 3.75%, but small firms should not assume cheaper borrowing is close. Here is what to check on cash flow, finance costs and pricing.
Late payment reform moves forward: what SMEs should check now
The Commercial Payments Bill has passed its second reading debate in the Lords. Small firms should use the moment to review payment terms, debtor records and credit control before late payment rules change.