FSB shines light on ‘poor payments culture’ of big UK business
Federation of Small Businesses report finds that 30% of payments are typically late.
The Federation of Small Businesses (FSB) has called on the UK government to place “supply chain respect” at the heart of its corporate governance drive, and to hold large companies to account for their payment practices.
An FSB report published this week found that existing policy interventions have had no discernible effect on tackling problems concerning the UK’s poor payment culture in the past five years.
Small businesses report that, on average, 30% of payments are typically late, compared with 28% in 2011.
According to the repor
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