The UK government has been criticised for taking too long to pay its suppliers, at a time when businesses cannot afford to wait.
John Mason, SNP MP for Glasgow East, said the Home Office paid only half its suppliers promptly, leading to potential cash flow problems.
A Home Office spokesman said it was committed to paying bills [...] CONTINUE
The Federation of Small Businesses (FSB) is warning late-paying firms that it will name and shame them with the organisation’s own version of the ASBO.
Almost £26billion is owed to small businesses across the UK in outstanding payments.
The problem is leading to a quarter of all business failures.
The FSB is concerned Chancellor Alistair Darling failed to [...] CONTINUE
New research shows that UK SMEs are now owed a massive £25.9 billion in overdue payments, up 40 per cent from £18.6 billion last year.
The news comes from Bacs Payment Schemes Limited (Bacs), the organisation behind Direct Debit and Bacs Direct Credit.
The research showes that while the national average of outstanding payments was worryingly high [...] CONTINUE
