Helping small business to combat financial difficulties in the UK due to Coronavirus

Morrisons cuts sick pay for unvaccinated staff. Credit: Morrisons

BRITISH supermarket chain Morrisons has announced that it will pay its small suppliers immediately to help them during the current Coronavirus uncertainty.

The supermarket relies on a backbone of small suppliers and currently for those with an annual turnover of £100,000 (€112,000) or less payment is 14 days and for firms with a turnover between £100,000 and £1 (€1.12) million, payment is from 30 to 60 days.

All suppliers with a turnover of up to £1 million will be paid immediately but those with larger turnovers will have to wait 60 days.

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John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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