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
Patients are being left "belittled and bewildered" as medical staff try to deal with overstretched systems, the BMA will warn.
One tenant confronted the leader of Camden Council as tensions rise in evacuation of Chalcots estate.
The teenager, who cannot be named for legal reasons, is alleged to have attacked the girl in a Manchester park on Saturday evening.