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Cheques set to be phased out
Jan 25th
Cheques are set to become a thing of the past by the end of October 2018, following a decision by the Payments Council.
The target date of 31 October 2018 has been set with a view to allowing sufficient time for alternative methods of payment to be put in place, and the decision will be subject to a final review in 2016.
Cheques are thought to have been in use in the UK for around 350 years, but the number of personal cheques in circulation has been in steady decline since the early 1990s.
Commenting on the decision, Paul Smee of the Payments Council said, ’There are many more efficient ways of making payments than by paper in the 21st century, and the time is ripe for the economy as a whole to reap the benefits of its replacement’.
’But the real challenge lies ahead if we are going to be comfortable to wave goodbye to the cheque, which undeniably occupies a unique place in British culture,’ he added.
Businesses and charities have given a mixed reaction to the news.
Age Concern and Help the Aged have expressed concern that the decision will encourage banks and retailers to begin the phase-out ahead of the deadline, placing many older people at a disadvantage.
Meanwhile, the Forum of Private Business has highlighted the need for practical and convenient alternatives to be put in place.
About Copernicus Consulting:
Copernicus was started in 1999 as a Manchester based International Business Consulting Service and Strategy Consultancy. Today it’s going beyond the boundaries and providing solutions to business entrepreneurs globally with offices spread across Denmark, Germany, Sweden, Netherlands, Norway, Dubai, Finland, Turkey, Canada, Poland and China. From business start up to business sale, Import or Export, Copernicus can bring energy, drive, enthusiasm and practical common business sense to guide you and your business to success. For more information on how Copernicus can improve your business prospects from India to the UK contact us at info@copernicus-consulting.com or Visit: http://www.copernicus-consulting.com
Copernicus joins market research society
Dec 2nd
Copernicus Consulting joins the prestigious Market Research Society for benefit of clients
As a further step to improving the services offered to our clients Copernicus has been recognized as a member of the prestigious Market Research Society. (www.mrs.org.uk)
RECOGNITION OF QUALITY
“This is fair recognition of the qualitative research that our team have been doing for several years” according to Managing Partner Colin Fell. “In particular our competitor benchmarking methodology and the resulting impact that this has on the success of our various clients as we implement strategies for domestic and international growth, should not be underestimated”
IMPROVING ACCESS TO GRANT FUNDING
“As members of MRS our working is recognized by appropriate government bodies which mean that, from the perspective of our clients, up to 50% of our fees are eligible for grants and subsidies for qualifying companies.”
The growing presence of Copernicus offices in international markets from the UK, to Scandinavia, Eastern or Western Europe, Asia or even China allows us to offer insights locally in to business opportunities that desk research alone cannot offer.
The reality is Copernicus is a results driven business. Our simple role is to improve the business performance of our clients and to create new opportunities for them which demonstrate a clear return on investment.
For more information on the Copernicus market research service and how it can contribute to your success visit us at www.copernicus-consulting.com or email info@copernicus-consulting.com