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Debt levels soaring amongst the UK’s self-employed
According to recent research carried out by the SME advice service, Business Debtline, small business owners and those self-employed are experiencing high levels of debt. There is an increasing concern for this, as these people make up 15% of the country’s total employed population and the tendency for more and more workers to become self-employed is leaving thousands of people in debt.
How Huddersfield town centre has become unattractive for investment or commercial regrowth
It is difficult to imagine any self-respecting town not having an M&S on its High Street. Whilst M&S are taking steps to improve their trading performance on a national basis, there is something of an indictment of any reasonably sized conurbation if it can’t sustain their model.
Late Payment of Invoices
Small businesses are the backbone of our economy and in the last 5 years, the amount owed to smaller businesses in late payment has more than halved but we want to see payment practices improve even further. Research carried out by R3 earlier this year found that late payment of invoices was the most common sign of business distress among companies in the North East, North West, Yorkshire and Humberside, with more than a quarter (27%) of them saying they [...]