Government Urged to Take ‘Tough Action’ on Late Payments

A report published by the Business, Energy and Industrial Strategy (BEIS) Committee recently highlighted how 'bad payment practices' have led to the 'failure' of many small and medium-sized enterprises (SMEs). The government's Prompt Payment Code, which was created to address poor payment practices, has 'too often' been 'ineffective', according to the Committee. A 'statutory requirement' … Continue reading Government Urged to Take ‘Tough Action’ on Late Payments