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Spring Statement takes aim at late-paying large companies

Late payment culture’s end “could finally be in sight” as yesterday’s Spring Statement laid out policies that would tackle the issue perpetuated by larger businesses.

Print SMEs see late payment recovery bill triple amid 'crisis'

Print SMEs are pushing back against slow-paying clients as the UK faces a near-tripling in the collective bill its smallest businesses face in order to recover unpaid cash.

Government unveils policies to tackle late payment culture

New measures to combat late payments have been unveiled by the small business minister.

Now is the time to act on the UK’s late payment culture

In his Spring Statement last month, chancellor Philip Hammond vowed to crack down on the UK’s late payment culture, issuing a call for evidence on how “the continuing scourge of late payments” can be eliminated.

Can new regulations right the wrongs of late payments?

It is the bane of an SME’s life: late payments from a large customer can leave a smaller company in dire straits. For too long, it appears the government has sat back and allowed the big companies contracting out work to SMEs to get away with paying late by up to – and beyond – 90 days.

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