Liz Barclay’s appointment as Small Business Commissioner was the latest development that reflected the UK’s longstanding and worsening slow payments crisis.
Comment
Carillion – slow payments have devastated suppliers, and SMEs are the worst hit
The collapse of Carillion means the tragedy of layoffs, not only for thousands of workers within the company, but also for many of its 30,000 small and medium-sized (SME) suppliers who are owed hundreds of millions of pounds.
Everyone will benefit from an end to slow payments – Paul responds to City AM
In a world where everything seems to be instant, slow supplier payments are a damaging anachronism.