Faster payments ahead for luxury brands
The UK government’s plan to curb the late payment culture is a boon to small- and medium-sized luxury brands, writes Bird & Bird’s Victoria Hobbs
Source: globallegalpost.com
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Specialists call for protection as pay times lengthen
The problem of late payment is worsening but project bank accounts promise a sunnier future for subcontractors, industry insiders say.
Source: constructionnews.co.uk
Late payments hit three-year high for small businesses
Late payments to small businesses have hit a three-year high, with industry leaders calling on the Chancellor and big businesses to do more to help.
Source: dailymail.co.uk
MPs are waking up to late payment culture threatening the SME community
The ongoing late payment threat facing UK businesses is now so bad, it has caught the attention of Westminster.
Source: bmmagazine.co.uk
15 years since the Prompt Payment Code was introduced, has it prompted faster payments?
The Prompt Payment Code (PPC) was introduced to the UK in December 2008 as a voluntary code of practice, administered by the Office of the Small Business Commissioner (OSBC), on behalf of Department for Business and Trade (DBT).
Source: bmmagazine.co.uk