Fraud Awareness Week 2021: How to spot scammers

There are always scams circulating online, whereby scammers will attempt to gain access to personal information or money by targeting individuals or businesses with fraudulent communications. The two main ways that this is achieved is through online scams and payment fraud. With the COVID-19 pandemic came many new ways that scammers are attempting to commit fraud. Unfortunately, businesses in need are being targeted, with scammers offering money whilst claiming to be compensation, or sending fraudulent links to these business owners.

How are late payments affecting SMEs?

Late payments are something that businesses across the country suffer from and they can cause a great deal of stress for business owners. The general payment terms are 30, 60 or 90 days in which goods or services must be paid for however 90 days can seem like a long time to wait for customers to pay - especially if there are other payment commitments to meet.

UK economy slows in July with growth at 0.1%

After six successive months of economic growth following the pandemic, in July the growth had slowed to 0.1%, compared with 1.0% in the previous month.

The reopening of the arts and entertainment sector is thought to have contributed to the ongoing growth however an increase people being ‘pinged’ to self-isolate has kept many in their homes.