The CBI has today welcomed the Government’s decision to tackle late payments made by businesses to suppliers, considered by some a more important business issue than better lending conditions.
Prime Minister David Cameron announced the Government is considering imposing strict penalties on businesses that did not make prompt payments to suppliers. Katja Hall, the CBI’s policy director, said: “Late payment is a serious issue for all businesses but particularly for smaller firms, as cash flow is their life blood. “Businesses already have a number of…
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