business minister Anna Soubry

A Bridge Too Tsar? Business Owners Skeptical Late Payments Minister Can Solve Cashflow Crisis

A Bridge Too Tsar? Business Owners Skeptical Late Payments Minister Can Solve Cashflow Crisis

UK business owners don’t believe the impending arrival of a late payment tsar will do anything to help ensure small firms and freelancers are paid on time, according to a report by FreeAgent. The survey revealed that just 2% of UK freelancers and micro-businesses believe the forthcoming commissioner will have any impact whatsoever, with 57% of respondents not even aware the position was due to be filled. The is currently a ‘cashflow crisis’ in the small enterprise space, with just 51% of all invoices paid on time in 2015. Initially announced in July 2015, by then business minister Anna Soubry, its envisioned the tsar will help tackle the payment “imbalance” between small and larger firms by providing advice and support on how to avoid and resolve disputes, offering access to mediation serv... »

Late Payments Minister To Finally Arrive In 2017

Late Payments Minister To Finally Arrive In 2017

UK small businesses are going to receive a Tsar to help them tackle the issue of late payments, but not until 2017, it has been revealed. Government ministers have launched a consultation process with the aim to appoint a small business commissioner to tackle the issue of overdue payments. Initially announced way back in July 2015, by then business minister Anna Soubry, there has yet to be an official appointment with the position remaining unfilled. In the original announcement, Soubry said the position would tackle the power “imbalance” between small and large UK businesses, and said the commissioner would provide advice and support on how to avoid and resolve disputes, offer access to mediation service and investigate complaints over unfair business practices. The department... »