Friday, November 11, 2022

Britain's businesses are 'running out of fight' as country faces longest-ever recession

LONDON — The doors to The 25, a Torquay-based boutique bed and breakfast on the U.K.'s southwest coast, are now closed for the winter period. But this season, they will remain shut for longer than usual.

With rising energy bills and higher costs piling pressure on U.K. businesses, owner Andy Banner-Price has deferred reopening by a month until well into the spring.

Publisher: MSN
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Kentucky Highlands adding technical assistants for area businesses

Nov. 11—The London office of Kentucky Highlands Investment Corporation is getting a boost from a grant from the USDA Rural Development.

Under Secretary for Rural Development, Xochitl Torres Small and Rural Development State Director Tom Carew were in London last week to officially announce the grants.

Twitter: @YahooNews
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Debt Recovery Fintech to Drop Fees to Help Businesses Recover Cash Amidst Recession

LONDON , Nov. 9, 2022 /PRNewswire/ -- A debt recovery Fintech is offering businesses free access to its collections platform till the end of the year to help them recover unpaid debts as recession looms.

In addition, the data showed 78% of businesses owed money are forced to wait over a month for payment, whilst 34% of SMEs are relying on overdrafts to pay bills. The sector as a result spent £4.4 billion in administrative costs chasing payments.

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