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HM Revenue and Customs (HMRC) has announced that some 20,000 businesses have so far made use of the Business Payment Support Service (BPSS), delaying payment of £350 million in tax.

As the high street continues to reel under the pressures of the economic downturn, e-retailers enjoyed a record-breaking Christmas.

Savers have been confronted with more bad news on the release of figures from the Bank of England showing that savings accounts are paying out the lowest interest rates since 1995.

The government has unveiled details of plans designed to provide SMEs with easier access to credit and to help with the cash flow problems afflicting many firms as the economic downturn deepens.

How businesses that are experiencing difficulties can use the new Business Payment Support Scheme to delay their tax payments.

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