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Business development

Tough times, tight credit management

With credit ever harder to come by, the looming recession promises to be a challenging time for even the best organised of businesses as they strive to maintain a reasonable cash flow and to avoid late payments. There are, however, a number of practical steps that businesses can take to ensure that they have as tight a control as possible over their finances.

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Small firms see sharp rise in job losses

Small and medium-sized businesses are axing jobs at a rate not seen for almost twenty years, the CBI has reported.

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Increase in minimum redundancy pay

Employers are being reminded of increases to the amount of an employee’s weekly earnings that count towards statutory redundancy pay.

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Employment rules guide to help small businesses

The Equality and Human Rights Commission has published a guide to help small firms cope with the economic downturn.

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Recommendation on new minimum wage delayed

The government has accepted a request from the Low Pay Commission to delay an announcement of its recommendations on this year’s rise in the national minimum wage.

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