Wednesday, May 28, 2008

Faster finances (or ‘yeah, right…’)

Smaller businesses and in particular the self-employed like me will be delighted with the confirmation that the new fast clearance of payments into the banking system is coming this week. From now on when you put a cheque into your bank or when someone pays you electronically it won’t take the regulation three days to clear. Actually money into my business bank take even longer, with one individual having initiated an electronic transfer last Tuesday and I still don’t have it (well, they say i