questionText: To ask the Secretary of State for Business and Trade, whether his Department has made an assessment of the potential impact of delayed invoice payments on (a) self-employed individuals, (b) sole traders and (c) small businesses in the construction industry.
answerText: Smart Data Foundry research shows that small businesses, including those in the construction industry were owed on average an estimated £22,000 in late payments in 2022. This represents a significant cash flow challenge for small businesses, undermining o...
heading: Construction: Billing