UK government warns businesses to ‘act now’ on transition preparation

Britain's Business Secretary Alok Sharma arrives for a cabinet meeting at the FCO in London, Britain September 22, 2020. Photo: Leon Neal/Pool via Reuters
Britain’s Business Secretary Alok Sharma arrives for a cabinet meeting at the FCO in London, Britain September 22, 2020. Photo: Leon Neal/Pool via Reuters

As the Brexit transition period countdown hits 81 days, the UK’s business secretary Alok Sharma has called on companies to take action now to prepare.

Sharma is due to write to 600,000 businesses on Monday 12 October, emphasising that there is no time to waste to get ready for the UK’s “new start.”

Boris Johnson has said the transition period, due to end at the end of the year, will not be extended.

The EU and UK have been negotiating for months on the finer points of the exit agreement.

Johnson said the country is committed to “exploring every avenue” to reach an agreement on Brexit talks, in a phone call to France’s president Macron yesterday, in which he also urged the need for progress to

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Crowdfunding Success Indicates Small Businesses And Startups Worthy Of Government Matching Program

Community-focused investing has funded local small businesses and startups across the US. Since 2016, half a billion dollars has been raised from investment crowdfunding, generating $2 billion in economic activity and supporting 100,000 jobs.

According to Regulation Crowdfunding by Congressional District: A Report Card by Crowdfund Capital Advisors, Congress can encourage this more by creating the Main Street Recovery Co-Investment Fund. The United Kingdom has already done this to great success. It worked so well that Fund was re-upped twice, including to support small businesses impacted by the coronavirus pandemic.

A critical lesson from the 2007-2009 financial crisis was that access to capital for small businesses matters. Small businesses were hit harder than large companies by the Great Recession. During and for a period after the

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How businesses, government agencies work together to update pollution-spewing older cars

 

Environmental Initiative, along with some partnering organizations, is expanding its work to make Minnesota’s vehicles cleaner, safer and more energy efficient.

This latest work comes 15 years after the same partners retrofitted the first of 4,500 diesel school buses, trucks and off-road equipment as part of what Environmental Initiative called Project Green Fleet.

Environmental Initiative, or EI, is financed by Flint Hills Resources with support from the Minnesota Pollution Control Agency (MPCA) and the city of Minneapolis. The group has now launched Project CAR (Clean Air Repairs) with designs on fixing older passenger cars, trucks and vans that cause 90% of vehicle emissions.

Last week, technicians worked on several vehicles of working-poor customers of the Lift Garage on E. Lake Street in Minneapolis that need tires, batteries, fluid changes and the like. The owners were cleared based on financial need to get additional pollution-control work through Project CAR.

“Our customers

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How Massachusetts General Law 93A Affects Online Businesses

Massachusetts General Law 93A, titled Regulation of Business Practices for Consumers Protection, is designed to protect those consumers who would otherwise be unaware of their legal rights. Mass. Gen. Law 93A. As it was originally drafted, 93A did not create a private right to sue, an issue which was quickly addressed by the legislature, and now both consumers and businesses can use 93A as a basis for enforcing their rights through private law suit. Unlike some other states, the Massachusetts consumer protection statute provides for an express, rather than an implied, right to sue for businesses who feel they have been victim of a deceptive or unfair act. It is often easy to spot a consumer protection issue with standard businesses, such as: bait and switch advertising, failure to disclose defects, price-fixing, faulty warranty claims and un-bargained for return/refund policies. It becomes much more difficult to determine when a … Read More