The Confederation of British Industry's (CBI) has said government plans to hand a £2,000 national insurance cut to businesses and begin consultations on cutting slow payment of invoices could help businesses experiencing cash flow difficulties.
Katja Hall, chief policy director, commented:
Late payment is a serious issue for all businesses but particularly for smaller firms, as cash flow is their life blood. Businesses already have a number of routes for recourse if they are paid late, but the reality is that few choose to act on late payment for fear of fall-out with their customers.
More top news
The 4G mobile provider had been failing to let users know that they were entitled to take complaints elsewhere for free.
A Bubble Wrap which doesn't pop has been created - and people are devastated.
Dustin Brown recorded a famous win over Rafael Nadal at Wimbledon - here's 10 things you may not have known about him