AGP Executive Report
Last update: 7 hours agoEnergy Costs: SMEs are being warned that missed renewal dates or contract clauses could push them onto expensive out-of-contract rates. Unlike households, businesses have no energy price cap, putting cash flow and investment at risk. Late Payments: The Small Business Commissioner helped firms recover more than £1m in overdue payments in the first half of the financial year, as late invoices reportedly trap £26bn across 1.5m UK firms. Business Rates: More than 200 employers want the Chancellor to use the 28 October Budget to cut rates for premises by up to 37%, funded by a proposed levy on online sales. Growth and Investment: The UK has fallen to 24th in a ranking of places to start a business, amid concerns about rising costs. In a brighter sign, Birmingham manufacturer Brandauer secured a £199,500 grant to develop components for electric vehicle motors.
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