Late payment of invoices has become so serious that the Government has set up a working group to help tackle the problem. Ministers also want businesses to sign up to its Prompt Payment Code, which already represents about 60% of the supply chain value in the UK. The Code is designed to encourage best practice and
Timing can be crucial when taking legal action, as one company recently found to its cost. The company had hired a firm of builders to carry out some roofing and cladding works at a new factory. A contract was agreed which stated that in the event of a dispute, no action could be taken after
The Government says it’s ahead of schedule in identifying publicly owned land that can be used to build new homes. Housing Minister Grant Shapps recently announced that he wants local authorities and Government departments to release enough land for 100,000 homes by 2015. He said the Government had already found enough land for 80,000 homes
Business leaders have criticised the Government’s much publicised moratorium on employment law saying that it has done virtually nothing to reduce the regulatory burden. The moratorium was introduced last April. The aim was to exempt start-up businesses and firms with fewer than 10 employees from new regulations for three years. The Institute of Directors say
The Government has joined forces with private enterprise to encourage budding entrepreneurs to set up new businesses. The ‘Business in You’ campaign highlights the support available for people wishing to start a new business or develop an existing one. A statement from the Department for Business Innovation & Skills says: “Small businesses are the lifeblood
Court orders to evict tenants rose by 11% in 2011 as landlords took a firmer stance against late payers. Figures released by the specialist receivers, Templeton LPA, also show that the number of tenants in “severe arrears” of more than two months rose by 18% last year to 78,970. That’s the highest level since the
Businesses can suffer irreparable damage when directors disagree over company policy. This is particularly true for new or small businesses. For example, if two directors have equal shares in a joint venture, settling disputes can become very difficult. At that point, just like many married couples, both sides may wish they had a business ‘pre-nup’
Prime Minister David Cameron has promised to “kill off the health and safety culture” which he says has become “an albatross around the neck of British businesses”. He says he wants to address “the fear from businesses of being sued for trivial or excessive claims”. The Government is now planning to change the law on
A court has ruled that a commercial tenant’s break clause notice was invalid because it had not paid the interest that had accrued as a result of late payments. The fact that the landlord had not sent a demand for payment made no difference. The case involved a tenant that had taken out a ten-year
Employees wanting to bring tribunal claims will have to pay fees ranging from £150 to £1,750 under new proposals announced by the Government. Ministers say the move will relieve pressure on businesses and reduce the £84m annual cost to the taxpayer. The Ministry of Justice has now begun a public consultation on the proposals, which