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UK Government pledges crackdown on late payments to help Welsh small firms

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THE UK GOVERNMENT has unveiled what it says is the toughest crackdown on late payments in a generation, in a bid to boost small and medium-sized businesses across Wales.

The measures, announced on Thursday (Jul 31) as part of the Government’s Small Business Plan, aim to protect firms from cashflow problems that ministers say are forcing 38 businesses to close every day across the UK.

Small and medium-sized businesses make up 60% of the UK’s workforce, rising to 62% in Wales, and generate £2.8 trillion in turnover. But many have long complained of being held back by late payments, unfair lending and a lack of access to affordable finance.

New rules on late payments

Under the plans, the Small Business Commissioner will be given sweeping powers to issue multi-million-pound fines to companies that persistently pay suppliers late.

Large businesses will be legally required to pay invoices within 60 days – reducing to 45 days over time – and will face mandatory interest charges if they fail to do so.

The Commissioner will also have powers to carry out spot checks, enforce a 30-day invoice verification period and ensure that audit committees scrutinise payment practices at board level.

Financial support

Alongside the crackdown, the Government is promising a £4 billion boost in finance for small firms. This includes a £1 billion expansion of the Start Up Loans scheme, which will extend eligibility to businesses up to five years old, and a £3 billion injection into the British Business Bank to help lenders offer more affordable loans under the ‘ENABLE’ programme.

Ministers say they will work with the Welsh Government to ensure businesses in Wales benefit from the same protections and support as those elsewhere in the UK.

‘It’s time to pay up’

Prime Minister Keir Starmer said: “From builders and electricians to freelance designers and manufacturers, too many hardworking people are being forced to spend precious hours chasing payments instead of doing what they do best – growing their businesses.

“It’s unfair, it’s exhausting, and it’s holding Britain back. Our message is clear: it’s time to pay up.”

Secretary of State for Wales Jo Stevens added: “Small and medium-sized businesses are at the heart of communities across Wales. This plan will help them thrive, create jobs and put more money in people’s pockets.”

John Hurst, Chair of FSB Wales, said: “Smaller businesses are pivotal to growing the Welsh economy. That’s why it’s good to see ambition to tackle barriers such as late payment and to encourage a more enterprising culture in Wales.”

The Government estimates that accelerating SME growth by just 1% a year could deliver £320 billion to the UK economy by 2030.

 

Business

Jobs fall in Pembrokeshire as payroll numbers drop over past year

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Employment down by 124 year-on-year with further monthly decline recorded in February

EMPLOYMENT in Pembrokeshire has fallen over the past year, with new figures showing a drop of 124 jobs compared with the same period in 2025.

Data for February 2026 reveals that 47,801 people were on payroll across the county, representing a 0.3% decrease year-on-year.

The latest monthly figures also show continued pressure on local businesses, with payroll numbers falling by 82 compared to January — a 0.2% drop.

The data, based on analysis of Office for National Statistics payroll figures by employment app WageSight, paints a mixed picture for the county’s labour market.

Compared with other Welsh local authorities, Pembrokeshire ranks 12th out of 22 for employment change, placing it in the lower half of performers.

The Herald understands that while some parts of Wales have seen modest job growth, others — including Pembrokeshire — continue to experience a squeeze on employment levels.

Paul Hebden, Director at WageSight said: “The latest figures underline the continued pressure on employment in Pembrokeshire. Payroll remains down compared with last year, and recent month-on-month data suggests employers are still cutting back.”

Nationally, employment trends remain uncertain, with fluctuations across different regions and sectors creating an unpredictable backdrop for businesses.

It remains unclear whether the recent decline marks the beginning of a longer-term trend or simply a short-term dip, but the figures suggest that employers in Pembrokeshire are continuing to act cautiously in the current economic climate.

 

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Business

Haverfordwest cinema one of six council properties for sale

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SIX COUNCIL-owned properties in Pembrokeshire, including Haverfordwest’s Palace Cinema, a boatyard, and a former social services premises in Tenby, are to be put up for sale following a decision by senior councillors.

At the March 16 meeting of Pembrokeshire County Council’s Cabinet, members were asked to back the disposal of six properties in the county’s portfolio as well the earmarking of four properties for other purposes.

A report for members said: “The Property Department has recently undertaken a review of the council’s estate to identify underused or vacant properties that are no longer required for service delivery and could be transferred internally or disposed of to generate capital receipts.”

The report listed six assets which members were asked to declare surplus for disposal by freehold sale.

Those assets were: Iveston Farm, Maidenwells; land east of Cleddau Reach School, Llangwm; Palace Cinema, Haverfordwest; St Asaph, Trafalgar Road, Tenby – social services premises; land at East Llanion Marine, Pembroke Dock – boat yard area; and land at Maidenwells – development plot.

For those six properties, it said of Iveston Farm: “Farm homestead in need of extensive renovation. An approach to local agents will begin to market the homestead and surrounding land. The remainder of the land areas are to be re-let as part of the County Farm Estate.”

For the land east of Cleddau Reach School, it said: “Areas of land parcels that no longer form part of the school demise and offer no opportunity to the authority and is therefore to be declared surplus for disposal.”

For Palace Cinema, it said: “Freehold of property to be sold. The property is listed and requires significant investment.”

For St Asaph, Trafalgar Road, Tenby, it said: “The property is not required or suitable for other internal services and is therefore to be declared surplus for disposal.”

For East Llanion Marine, it said: “Freehold of the property to be sold. This is an area of land (0.29 acres) adjacent to Port owned land. Both parcels are leased to East Llanion Marine. The property is not required or suitable for other internal services and is therefore to be declared surplus for disposal.”

For the land at Maidenwells, it said: “The property is not required or suitable for other internal services and is therefore to be declared surplus for disposal.”

It also listed three assets in which cabinet was asked to declared surplus to the requirements of one council department and appropriated to another use within the council.

Those were: Portfield Social Activity Centre, Haverfordwest – for future education project; Eastgate Centre, Pembroke – for future re-development project; and land west of Cleddau Reach School, Llangwm – for future education project.

Members were also asked to remove one property declared surplus to council requirements, appropriated for a particular use within the council: Pembroke Dock Watersports Centre – Watersports centre in occupation.

Members backed the 10 recommendations.

 

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Business

Kurtz’s best local pub competition nears 1,000 nominations

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Community-backed contest highlights vital role of Pembrokeshire pubs

THE BEST Local Pub Competition is closing in on a major milestone, with nearly 1,000 nominations submitted by residents across Pembrokeshire celebrating their favourite local venues.

The competition, launched last year by Member of the Senedd Samuel Kurtz, aims to recognise the importance of local pubs and support them during the quieter winter months.

Now in its second year, the initiative continues to shine a spotlight on the vital role pubs play in bringing communities together.

The competition is sponsored by Templeton Beer, Wine & Spirit Co., a well-known local supplier supporting hospitality businesses across the region.

Last year, The Ivybush in Narberth was crowned the inaugural winner after receiving strong backing from the local community. The award recognised the pub’s welcoming atmosphere and its role as a hub for both residents and visitors.

Samuel Kurtz MS said: “Local pubs are at the heart of our communities, providing places for people to meet, celebrate and support one another. I launched this competition to give something back to these fantastic businesses, particularly during the quieter months when trade can be more challenging.

“Changes to Business Rates have had a real impact on the sector, alongside rising costs such as staffing and electricity, which are threatening the survival of many pubs. That is why this competition is such an important reminder of how much we value them.

“It’s brilliant to see nearly 1,000 nominations, with a few days still to go before the competition closes on Friday (Mar 20).”

Residents are invited to nominate pubs that stand out for their community spirit, service, and contribution to local life. The winning venue will receive a free barrel of standard beer and be crowned Best Local Pub 2026.

Samuel added: “If you haven’t nominated your local yet, there is still time.”

To take part, visit www.samuelkurtz.wales and search ‘campaigns’ to nominate your Best Local Pub.

 

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