Crack down on late payments in major support package for small businesses

New package of measures aimed at tackling scourge of late payments

• New Fair Payment Code and fresh rules on company reporting and major consultation unveiled as part of package to tackle late payments
• Scourge of late payments costs SMEs £22,000 a year with 56 million hours of lost productivity, according to Intuit Quickbooks, across the economy – acting as a major brake on growth

Read the full press release here.