MAY TRADE NEWS

Warehouse complex proposed for Peterborough

Local authorities urged to help businesses improve recycling

Business leaders lose faith in the Labour government

Sole traders join forces on the Isle of Wight

FPB calls for government to cancel fuel duty increase

Consumers get better protection from rogue traders

Health and beauty sector will grow despite economic slowdown

Credit crunch hits wholesale and retail businesses' cash flows

CBI reports manufacturers expect to increase prices

Businesses attack new agency worker rules

Credit crunch 'has not stopped owners selling their businesses'

BRC stresses UK firms do not use exploitative suppliers

OFT targets retailers who claim to be closing

Carbon Trust urged to support small firms

London business buck trend as sales increase

Bank charges 'could harm small business

Small businesses 'could be hurt by extended flexible working rules'

BRC reports gloomy sales figures

Businesses urged to embrace rail network

Business pessimistic about economic future

Fuel duty rises 'should be postponed to help businesses and consumers'

Report calls for better government support of small businesses

Businesses asked for bribes to win contracts

Small businesses hit by staff absences

Small businesses 'turn to older employees to plug skills gap'

Businesses warned of continuing economic slowdown

Tories pledge to support small suppliers and local businesses

Continuity plans 'vital for small firms'

Manufacturers force to pass rising costs on to customers

Oxfordshire Retailers Flex Their Muscle

FSB steps up campaign to protect local suppliers

Small firms 'are turning to bridging loans to maintain cash flows'

Government looks to help business by streamlining consumer laws

Business disappointed by interest rate hold

Shop prices 'only rising slowly'

Postal competition 'has not helped small wholesalers'

Small firms are turning to bridging loans to maintain cash flows

South-west's roads 'need to be improved to help wholesalers'

Retailers see April increase in shoppers

Government urged to involve small firms in tax forum

Good online retail practice satisfies customers

Small retailers urged to embrace gift card schemes

Commission inquiry not doing enough for small retailers

Hornby buys model car maker Corgi

Trade News Archive May 08 April 08 March 08 February 08 January 08

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14th May 2008

Businesses 'still asked for bribes to win new contracts'

New research has suggested that small firms in the UK are still being asked for bribes to secure or retain business.

Ernst & Young's latest tenth global fraud survey found that 13 per cent of all businesses had experienced at least one incident of bribery or corruption in the last two years.

The figure compared to six per cent in both Germany and France.

What's more, 11 per cent of businesses said they had been asked to pay a bribe to retain or win business in the last two years. Around one in sixteen (six per cent) said they thought they had lost out on business to a competitor that had paid a bribe.

John Smart, UK head of fraud investigation and dispute services at Ernst & Young, said that around half the companies it questioned were are increasing training on the subject to combat the problem.

However, he added: "Despite the best efforts of some governments, non-governmental organisations and law enforcement agencies, the risk of bribery and corruption remains prevalent.

"Awareness, education and control are the most effective methods for dealing with corrupt financial practices. Promoting ethical behaviour in your organisation - making a difference - is not just about staying on the right side of the law. It's good business."
 

(c) 2008 Adfero Ltd.