Poor payment practices have severe consequences for SMEs.
ACCA calls for action to tackle late payment
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Current Affairs
SME confidence increases in 2023
Confidence improves across all major sectors.
Tax take soars by almost 10%
Total receipts for 2022/23 hit £786.6 billion.
Company insolvencies rose by 37.7% in March
Insolvencies are higher than pre-pandemic levels.
Rural SMEs struggle with business costs
37% of firms reported a 10% increase in operating costs.
UK economy saw no growth in February
Economic outlook “brighter than expected”, despite slow progress.
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