Crack down on late payments in major support package for small businesses Business Secretary Jonathan Reynolds in Manchester with small businesses New Fair Payment Code and fresh rules on company reporting and major consultation unveiled as part of package to tackle… by Asian World2024-09-23 Business Secretary Jonathan Reynolds in Manchester with small businesses New Fair Payment Code and fresh rules on company reporting and major consultation unveiled as part of package to tackle late payments Scourge of late payments costs SMEs £22,000 a year with 56 million hours of lost productivity across the economy – acting as a major…

The Public Sector Fraud Authority saved taxpayers £311 million in its first year of operation, according to figures revealed by Baroness Neville-Rolfe, Minister for the Cabinet Office, at a meeting of the International Public Sector Fraud Forum this week. The figure far exceeds the original savings target of £180 million set when the authority launched last year. The £311 million figure is made up of a variety of projects led by the Public Sector Fraud Authority that help public sector organisations prevent, identify, and recover public money lost to fraud, including: the use of advanced artificial intelligence and data analytics…

Every so often, a food ‘scare/scandal’ story will appear in the media about the ingredients in foods that we buy or consume daily. For instance, a few years ago, it was about horse meat being found in burgers sold by various supermarkets. Much of the reaction to that revelation verged on repugnance that discerning palates may have unwitting consumed a piece of Dobbin. There was also the concern that there was no mention of a horse on the label. One of the questions it raised was, what’s really in our food? For instance, the British may not be fond…

Stuttgart/Beijing. At and around Auto China 2024, Mercedes‑Benz underlines its commitment to delivering dedicated products and technologies to Chinese customers. As the largest single automotive market in the world, China plays an important role in the long-term strategy of Mercedes‑Benz. Running up to the show, the company will maintain its leadership position in this market, headlined by the world premiere of the all-new electric Mercedes‑Benz G‑Class. China is home to the company’s largest production site and the most comprehensive R&D hub outside Germany, playing a significant role in Mercedes‑Benz’s global R&D network. In recent years, Mercedes‑Benz strengthened its R&D…

Businesses are set to benefit from reduced costs and burdens as import labels are made digital for the first time. Digital labelling will allow businesses to put important regulatory or manufacturing information online rather than requiring them to physically print it on their products – saving time and money which can be pushed towards scaling up and growing their company. This measure has been made possible by leaving the EU and provides greater flexibility than the EU’s regulatory requirements while better reflecting the modern and digital world of business and international trade. This follows the Product Safety Review consultation and…