late payment

ECA urges government to ramp up measures agains late payers

The ECA has called on the Government to further ramp up measures against late payers in the private sector supply chain. In its response to a Government consultation on proposed changes to the Prompt Payment Code, ECA stated that Code signatories should commit to pay 95% of invoices from smaller businesses within 30 days. Furthermore, […]

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Six in 10 councils are ignoring the law on prompt payment

The majority of local authorities (59%) are breaching their legal duty to ensure that their supply chain is paid promptly, making it harder for many thousands of small businesses to succeed, according to an investigation by the Electrical Contractors’ Association (ECA). In late September this year, the ECA issued a Freedom of Information request to […]

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50,000 small firms a year close because of late payments

The Federation of Small Businesses (FSB) has published a comprehensive report looking at the way small firms and the wider economy are affected by poor payment practice. The report, ‘Time to Act: The economic impact of poor payment practice’, has found that existing policy interventions have had no discernible effect on tackling problems around the UK’s […]

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