On Monday 29 June, Chancellor George Osborne detailed to the House of Commons the latest developments on the Greek financial crisis and how they affect British businesses and British citizens at home, as well as those in Greece for work or on holiday. You can read the statement here >

Additionally, the Department for Business, Innovation and Skills (BIS) and HM Treasury have outlined guidance for businesses that may experience cash-flow issues if they are relying on payments from Greek clients.

Read the detailed guidance here >

With capital controls introduced limiting the amount of money than can leave Greece, some British businesses may become directly affected by the crisis. According to the government’s guidance businesses previously affected by crises in other countries have experienced delays on payments and deliveries and have seen demand impacted as a result of ongoing economic uncertainty. If your business trades in Greece you should make a priority of finding out if customers can pay you on time, or if suppliers can still provide goods and services as you expect.

The Chancellor made clear in his statement on Monday that HRMC’s Time to Pay service will be available to support businesses facing cash-flow issues as a result of events in Greece.

The government has also outlined travel advice with regards to Greece, to be read here >

Buckinghamshire Business First’s business support team is on hand to help businesses with any concerns they may have as a result of the Greek debt crisis. Call 01494 568941 or email BusinessSupport@bbf.uk.com.