The Prompt Payment Code (PPC) was introduced to the UK in December 2008 as a voluntary code of practice, administered by the Office of the Small Business Commissioner (OSBC), on behalf of Department for Business and Trade (DBT). As Pat Bermingham, CEO, Adflex explains it set standards for good payment practices between UK-based organisations and their […]
As I watched Chancellor Rishi Sunak unveil the government’s new Net Zero targets, I couldn’t help but feel a pang of disappointment. It’s a day that will go down in history as a black mark against British business, and one we will rue for years to come. Sunak’s announcement marks a disconcerting shift in priorities […]
Exactly one year ago, Liz Truss took office as the prime minister of the U.K., promising a transformative era of free-market economics. However, the 12-months that followed her appointment painted an entirely different picture, marked by economic upheaval, political farce, and a series of unexpected events that shook the very core of British politics. We […]
Jonathan Maxwell, founder and CEO of Sustainable Development Capital LLP — one of the UK’s largest independent sustainability and climate-focussed investment firms — says that the ongoing energy crisis needs to be embraced by businesses as an opportunity to innovate and grow. Good businesses, they say, solve problems. That is fortunate, for Brexit, Covid, and […]
Oliver Dowden, the deputy prime minister, has highlighted the potential of AI to enhance productivity and streamline mundane tasks. However, he also warns of the risks associated with AI, including the potential for hackers to exploit sensitive government information. We explore the far-reaching implications of AI and how it could shape various aspects of society. […]
Wilko, the well-known High Street homeware retailer, has recently collapsed into administration, unable to secure a rescue deal. With 400 shops and 12,500 workers at stake, the future of the company hangs in the balance, I look at the reasons behind its downfall, and the potential implications for its employees and the retail industry as […]
The World Wide Fund for Nature estimates there has been a 69% average loss in the abundance of mammal, bird, reptile, fish and amphibian species since 1970, and more than a quarter of all species are under current threat of extinction. While most business leaders recognise this issue of biodiversity loss and the need to […]
Ethical investing has gained significant traction in recent years as investors increasingly seek to align their financial goals with their personal values. However, a recent snapshot of fund-buying behavior reveals a concerning trend – British investors are pulling money from funds badged as sustainable or ethical at an unprecedented rate as ESG (Environmental, Social, and […]
By now, you’ve likely heard of ‘quiet quitting’, when employees commit to doing the bare minimum that their job description demands. The term gained traction in March 2022 after an employment influencer, Brian Creely, used it on social media to describe ‘coasting’ at work – and the phenomenon has only grown in strength thanks to […]
A great customer experience can make the difference between a business flourishing and failing. When customers have a positive interaction with a company, almost all (94%) say it increases the chances of them purchasing again. In other words, great experiences lead to increased revenue. And while there are a few ingredients to delivering a standout […]