How is the government tackling the UK’s late payment culture?
Posted in Avoiding Debt, Business Debt, Calculating Late Payment Costs, Cash Flow, Churchill Recovery, Debt Collection Agencies, Debt Recovery, Recover Payments, Recover Your Debts, Recovering Debt, Small Businesses
The government are introducing new policies to tackle the UK’s late payment culture which contributes to thousands of SMEs going out of business each year. Shocking information releasedby Bacs Payment Scheme Ltd shows that small UK businesses are facing a bill of £6.7 billion (an average of £9,000 per business) just to collect late payments…