The Prime Minister has called on business to “wake up” to deal with the millennium bug. Blair said he was “shocked and appalled” at the response of much of British industry and commerce to the millennium timebomb.
He believes Britain and the rest of Europe are not aware of the economic disaster which could lie ahead.
Replying to Parliamentary questions, Industry Minister Barbara Roche said Action 2000, chaired by Don Cruickshank, has launched a Millennium Bug campaign to help businesses tackle the century date change problem.
She indicated that the budget for Action 2000 would be up to #1m per financial year in each of the years 1997/98 to 1999/2000 inclusive.
She added “I am very impressed by the initial package that Action 2000 has produced. It will help businesses understand the significance of the problem, assess their own vulnerability, advise them how to tackle it and where to go for help. It is just what is needed”.
Barclays has partnered with accounting software company Xero to provide businesses with access to transaction data through its direct feed.
Government's estimate of a £400m admin saving from Making Tax Digital is way off - and is instead a huge cost burden, warns Lamont Pridmore chief executive Graham Lamont
Xero unveiled its expanded global partner programme at Xerocon South, the accounting technology conference in Australasia
Accountancy software firm Sage has been hit by a data breach which may have compromised the personal details and bank account details of as many as 300 UK businesses