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The UK’s late payment culture is the worst in the world, according to research from technology giant Sage.

Close to 2,000 businesses had assets seized by HMRC in 2016-2017 as part of a clampdown on unpaid tax, figures from Funding Options have revealed.

Output from the UK’s manufacturing firms surged in December, according to the latest figures from the Confederation of British Industry.

Consumer spending dropped again in November and retailers are being warned that the situation may not improve in the near future.

Small businesses have warned that they may have to halt expansion plans for next year if they cannot secure funding.

Thousands of small businesses due financial relief to help them overcome business rates increases are still waiting on local authorities to distribute the funds.

Merger and acquisitions involving UK firms increased in value across the third quarter, according to the latest official figures.

Urgent action is needed to address the digital skills gap in the UK and support small firms, the Federation of Small Businesses (FSB) has claimed.

Joint administrators Simon Thomas and Nick O’Reilly of leading restructuring and insolvency firm, Moorfields Advisory, have today issued the following statement on Hotcha.

Streamlined UK insolvency practices enhance productivity and ensure that innovative companies succeed, a global think tank has claimed.

Firms across the North East are facing up to increased insolvency risks in most sectors, according to the latest figures from insolvency and restructuring trade body R3.

A dip in retail sales has ratcheted up the pressure on small businesses, making it essential that they work to maximise their revenue opportunities.

Several industry associations have backed an MP’s proposals to reform how the construction sector uses cash retentions.