This annual loss figure representing late payment woes is more than double the national average of £2,472, according to research by mobile payment service Paym. Forgetting payments seems to be a widespread practice across the Eastern counties, with two in five sole traders (43 per cent) abandoning the chase for a payment over the past year,
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Cashless payments set to explode globally, finds study
by Ben Lobel • • 0 Comments
According to a report by The Demand Institute, 1.2 billion more people will gain internet access by 2020 which, together with the increase in smartphone penetration and new digital payment systems, will enable two billion ‘unbanked’ consumers to participate in the connected economy and basic financial services for the first time. Louise Keely, president of The
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Arrogance is the biggest turnoff for recruiters when interviewing candidates
by Ben Lobel • • 0 Comments
A survey of recruiters and employers in the UK, conducted by cloud-based online meeting platform, LyteSpark, finds that over two thirds (67 per cent) find arrogance the biggest turn off when interviewing, while almost six in ten (58 per cent) are most impressed by a candidate’s ability to interact naturally. The bespoke data reveals that preparation (50 per
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A third of consumers believe cash will become obsolete by 2020
by Ben Lobel • • 0 Comments
Businesses that don’t keep up with the latest payment gadgets are likely to struggle, with a quarter of UK consumers claiming to avoid shops that only take cash, according to a survey by Worldpay. A third (30 per cent) of respondents say they only use cash if they absolutely have to. It is a year on from
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Consumers frustrated with repeating themselves during customer service
by Ben Lobel • • 0 Comments
Some 75 per cent of UK consumers hate repeating themselves when they have an issue with a brand, according to a recent survey conducted by UBM. The second biggest bugbear, cited by 73 per cent of respondents, is when there is no joined-up service experience and a situation arises where the brand’s call centre blames the shop, the
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Small businesses propping up the UK economy
by Ben Lobel • • 0 Comments
Some £16 billion will be generated annually by the British cities which have the best growth prospects for SMEs, with more than 200,000 jobs created by 2020 in the UK economy, according to a report by npower Business and Capital Economics. SMEs are already keeping more than half of people in the UK in work,
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Invoice finance proving popular for small businesses
by Ben Lobel • • 0 Comments
The amount of invoice finance and asset-based lending secured by UK businesses has risen by over a quarter (27 per cent) over the last five years, up from £16 billion in 2011/12, according to the Asset Based Finance Association (ABFA), the body representing the Invoice Finance and Asset Based Lending industry in the UK and the Republic of Ireland.
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Cancer to blame for a chunk of long-term absences
by Ben Lobel • • 0 Comments
After cancer, the most common conditions claimed for were mental health (19 per cent), musculoskeletal (9 per cent) and cardiovascular problems (8 per cent), according to a study by Unum. The data comes from Unum’s second annual claims statement, which provides information on all the Income Protection claims it paid to people who became too ill to
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UK economy sees modest growth over summer
by Ben Lobel • • 0 Comments
The latest CBI Growth Indicator reveals that output growth across the manufacturing, distribution and service sectors rose steadily (+8 per cent), at a broadly similar pace to the previous month (+5 per cent). Growth continued at a decent, if slower, pace in manufacturing, while volumes grew at a more moderate pace in consumer services and held steady among
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Labour market withstands the summer slowdown
by Ben Lobel • • 0 Comments
A study by independent job site, CV-Library, reveals an increase in jobs, salaries and candidate applications in August 2016, suggested a healthy labour market. The job site compares data from August 2016 with August 2015 and finds that jobs are up by a surprising 21.8 per cent last month, suggesting that employers showed no sign
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