More than 440,000 small firms could be forced out of business by the late payment “crisis”, according to the Federation of Small Businesses, which has called for urgent government intervention to improve the way firms are paid.
For years the problem of late payments – often by big FTSE firms – has dogged the small business sector. Firms are often forced to pay their suppliers, wages and other bills on time, but face long waits to be paid themselves.
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