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Managing costs

Business insolvencies fall

Business insolvencies fell nearly 7% in the second quarter of 2014 but personal bankruptcies rose significantly, latest figures from the Insolvency Service have revealed.

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Service sector optimism increases

Businesses in the service sector want to take on more staff as optimism rises, according to research from the Confederation of British Industry.

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Mobile phones users could save by switching contracts

Mobile phone users could save an average of £104 a year by switching tariffs when their contract is up for renewal, according to uSwitch.com.

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1.4 million on zero-hours contracts

Around 1.4 million people are employed on zero-hours contracts, an Office for National Statistics study has suggested.

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Insolvency proceedings costs increase

The fees charged by courts and tribunals for insolvency proceedings have increased as of 22 April 2014.

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Minimum wage rises to £6.50 an hour

The National Minimum Wage for adults is to rise by 19p an hour to £6.50, the Government has announced.

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Households planning Christmas cut-back

Two thirds of consumers are planning to cut back on Christmas spending this year, according to new research by Which?

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Business costs rise well above inflation

The cost of doing business in the UK has increased well ahead of the rate of inflation in 2013, according to new research from business group the Forum of Private Business.

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'Big six' energy companies questioned about rising costs

The UK's six largest energy firms have been questioned by a committee of MPs over recent increases in electricity and gas prices.

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Tighter rules needed for Prompt Payment Code, says business group

The Forum of Private Business (FPB) has called for changes to the Prompt Payment Code (PPC) after learning that large companies with payment times as long as 90 days are planning to sign up.

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