Vulnerable citizens strain local budgets post-COVID
The 2020/21 Local Government Third Party Spend Almanac has shown overall spend by councils in England in 2020/21 reached £64bn.
Local Government Third Party Spend Almanac 2020/21
Oxygen Finance and EY explore the spend trends caused directly and indirectly by COVID-19 against a reported £64bn spend in England.
Moving Focus Away From Traditional Payment Approaches
It is promising to see PPN05/21, released this month by HM Government, highlighting the impact and importance of payment terms.
Local Authorities Increase Focus on Early Payments
The voluntary programmes, which include a FreePay option for smaller firms, help release liquidity into the supply chain.
Ending Late Payments Could Boost UK Economy by £30 Billion
It is estimated that on average the 5.9 million small businesses which employ 61% of the UK’s workforce are owed between £5,000 and £6,500.
Bristol City Council Agrees to Early Payment Initiative
Bristol businesses could benefit from a new early payment initiative designed to help improve cash flow during the current economic climate.
