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Carillion crisis exposes “toothless Prompt Payment Code”

Poor payment practice continues to be a big issue for small businesses with FSB research showing that, on average, 30 per cent of payments are typically late while the average value of each late payment stands at £6,142. Furthermore, it costs the UK economy £2.5bn each year and kills 50,000 small firms.

Contributor: Mike Cherry | Published: 14 February 2018

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Government must step in and preserve pay and conditions of Carillion workers

Following Carillion’s collapse, the government announced that workers employed on the company’s 450 public sector contracts would continue to be employed, it was then announced that on 90 percent of the private sector outsourced contracts, short-term arrangements had been arrived at and these workers would continue to be paid while longer term arrangements were made.

Contributor: Gail Cartmail | Published: 5 February 2018

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Construction output growth eases slightly in December

Construction companies in the UK indicated an uneven recovery in business activity at the end of 2017. A robust rise in residential building contrasted with falling work on commercial projects and stagnating civil engineering output.

Contributor: Duncan Brock | Published: 12 January 2018