questionText: To ask the Secretary of State for Business and Trade, what assessment the Government has made of the potential impact of large businesses repaying SME invoices 60 or 90 days after receipt of the invoice on levels of interruption to SME cashflow.
answerText: On 31st July DBT published new research showing that late payments cost the UK economy £11bn per year and closes down 38 UK businesses every day, with a disproportionate impact upon small businesses.Government is putting in place the most significant legi...
heading: Small Businesses: Billing