The 50 billion dollar Madoff scam- Does it teach us anything new?
Business Recovery

The 50 billion dollar Madoff scam- Does it teach us anything new?

15y rumo , Writer

The 50 billion dollar Madoff scam- Does it teach u...

So, a former well respected head of the Nasdaq stock exchange has admitted to his companies perpetrating a 50 billion dollar fraud, with the banks aro...

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Some Govt departments are preparing to pay bills in 10 days!
Business Recovery

Some Govt departments are preparing to pay bills in 10 days!

15y rumo , Writer

Some Govt departments are preparing to pay bills i...

Well now, there may be some Christmas cheer for small suppliers to some government bodies; I’ve seen evidence that some government departments h...

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Speeding up trade payments- Will Mandelson succeed or is it all political rhetoric?
Business Recovery

Speeding up trade payments- Will Mandelson succeed or is it all political r...

15y rumo , Writer

Speeding up trade payments- Will Mandelson succeed...

Business secretary Peter Mandelson has his finger on the pulse of SME Britain, and knows only too well that the lack of credit from banks and late pay...

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SILLY ME- I thought Companies House data was authoritative!
Business Recovery

SILLY ME- I thought Companies House data was authoritative!

15y rumo , Writer

SILLY ME- I thought Companies House data was autho...

Last month, the Business and Enterprise Committee appointed by the House of Commons, and made up of a number of MPs, published its report on the worki...

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Shake up in the world of credit insurance!
Business Recovery

Shake up in the world of credit insurance!

15y rumo , Writer

Shake up in the world of credit insurance!

As I’ve already discussed in this blog a few days ago, the leading credit insurers like Euler Hermes, Atradius etc are being criticised in the p...

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Bank arm twisting is required- not Government loan underwriting
Business Recovery

Bank arm twisting is required- not Government loan underwriting

15y rumo , Writer

Bank arm twisting is required- not Government loan...

I’m not surprised the Chancellor and PM are exasperated with the banks’ apparent reluctance to lend money to consumers and businesses at r...

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CREDIT INSURERS fear what's below the water line
Business Recovery

CREDIT INSURERS fear what's below the water line

15y rumo , Writer

CREDIT INSURERS fear what's below the water line

Credit insurers are taking a lot of flak in the financial press over pulling cover on buyer risks, leaving policyholders less protected in the event o...

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Anxious credit insurers in the spotlight for pulling cover
Business Recovery

Anxious credit insurers in the spotlight for pulling cover

15y rumo , Writer

Anxious credit insurers in the spotlight for pulli...

It’s happened in the past, and it’s happening again……credit insurance policyholders are beginning to criticise the insurers fo...

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DID INSOLVENCY STATS SCARE MPC INTO LARGER THAN EXPECTED BASE RATE CUT?
Business Recovery

DID INSOLVENCY STATS SCARE MPC INTO LARGER THAN EXPECTED BASE RATE CUT?

16y rumo , Writer

DID INSOLVENCY STATS SCARE MPC INTO LARGER THAN EX...

Under a bit of government pressure, banks are lining up today pledging to pass on big interest rate cuts to customers following the MPC’s histor...

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MPC throws down the gauntlet to Clearing Banks
Business Recovery

MPC throws down the gauntlet to Clearing Banks

16y rumo , Writer

MPC throws down the gauntlet to Clearing Banks

Well, the Bank of England’s Monetary Policy Committee’s surprise package today has put the major clearers on the back foot a little. In pa...

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SMEs turn to Accountancy firms as trust in banks subsides
Business Recovery

SMEs turn to Accountancy firms as trust in banks subsides

16y rumo , Writer

SMEs turn to Accountancy firms as trust in banks s...

INSIDER just wrote in his blog that auditors are having a good crisis. This seems to be borne out in some research that my firm Graydon is doing among...

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Competition Commission's Grocery Ombudsman could mean supplier gain, but consumer pain
Business Recovery

Competition Commission's Grocery Ombudsman could mean supplier gain, but co...

16y rumo , Writer

Competition Commission's Grocery Ombudsman could m...

The Competition Commission has been negotiating with the big supermarkets over the last few months as to how an Ombudsman could be installed to overse...

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JUST WHO's IN CONTROL?
Business Recovery

JUST WHO's IN CONTROL?

16y rumo , Writer

JUST WHO's IN CONTROL?

The Government has made it’s intentions clear over the weekend about helping out small businesses and consumers through this liquidity crisis by...

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Waiting to be Rescued
Business Recovery

Waiting to be Rescued

16y rumo , Writer

Waiting to be Rescued

The Government’s massive but bold intervention to ease the banking crisis is designed to shore up confidence and to provide liquidity into the s...

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spread your risk!
Business Recovery

spread your risk!

16y rumo , Writer

spread your risk!

OK! let’s not make jokes about the fact that depositors at ICESAVE Bank in Iceland have had their money “frozen” as the parent Lands...

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Vehicle manufacturer employees to feel credit crunch fallout next?
Business Recovery

Vehicle manufacturer employees to feel credit crunch fallout next?

16y rumo , Writer

Vehicle manufacturer employees to feel credit crun...

Not surprisingly, Car sales have been on the slide for a number of months now as consumers have had to batten down the hatches. However, the news this...

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debt collectors in rearguard action to retain edited electoral register
Business Recovery

debt collectors in rearguard action to retain edited electoral register

16y rumo , Writer

debt collectors in rearguard action to retain edit...

Back in July ,Richard Thomas, the Information Commissioner and Dr Mark Walport, director of the Wellcome Trust published the Data Sharing Review for t...

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Are UK businesses showing a bit more savvy?
Business Recovery

Are UK businesses showing a bit more savvy?

16y rumo , Writer

Are UK businesses showing a bit more savvy?

Economic commentators have been warning businesses for some time to batten down the hatches, cut costs, and be prudent in order to ride out the credit...

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SUB PRIME LENDING DEBACLE COMES OF AGE
Business Recovery

SUB PRIME LENDING DEBACLE COMES OF AGE

16y rumo , Writer

SUB PRIME LENDING DEBACLE COMES OF AGE

The credit crisis stemming from the US sub prime lending debacle is now just over a year old, and is still unravelling in spectacular style. Who would...

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A Drink from the Olympian Cup, Darling?
Business Recovery

A Drink from the Olympian Cup, Darling?

16y rumo , Writer

A Drink from the Olympian Cup, Darling?

I guess like most Britons, I was surprised to wake up last Saturday to the news that the Chancellor of the Exchequer believes we’re facing the w...

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SMEs seek out working capital management education
Business Recovery

SMEs seek out working capital management education

16y rumo , Writer

SMEs seek out working capital management education

There’s nothing like an economic downturn to focus corporate minds on just how important cash flow management is to a business. Accountancy Age ...

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Picture on Director Private address disclosure gets clearer
Business Recovery

Picture on Director Private address disclosure gets clearer

16y rumo , Writer

Picture on Director Private address disclosure get...

The Government in the shape of BERR has just published its response to responses to consultation on a key aspect of the 2006 Companies Act relating to...

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STORM CLOUDS HANG OVER UK
Business Recovery

STORM CLOUDS HANG OVER UK

16y rumo , Writer

STORM CLOUDS HANG OVER UK

Back in June on this blog, I asked the question whether we were experiencing a calm before the storm, as the effects of the credit crunch, rising fuel...

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Government's wrong signal on late payments
Business Recovery

Government's wrong signal on late payments

16y rumo , Writer

Government's wrong signal on late payments

At the weekend, I learned that BERR has completely withdrawn funding support for the website, “payontime.co.uk”, run by the Better Payment...

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Late payments- Are governments leading by example?
Business Recovery

Late payments- Are governments leading by example?

16y rumo , Writer

Late payments- Are governments leading by example?

All this talk in the press about Government being urged to intervene on behalf of small businesses to clean up late payment culture in this country...

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Corporation Tax Surcharge for late paying PLCs?
Business Recovery

Corporation Tax Surcharge for late paying PLCs?

16y rumo , Writer

Corporation Tax Surcharge for late paying PLCs?

A whole host of news stories are appearing in the national press about large companies bullying their suppliers by extending payment terms…̷...

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SMEs don't credit check - is it price or an education issue?
Business Recovery

SMEs don't credit check - is it price or an education issue?

16y rumo , Writer

SMEs don't credit check - is it price or an educat...

I was a bit surprised to read in the Daily Telegraph on the 8th july about a Barclays Bank idea to offer free of charge credit checks to its 580, 000 ...

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