The Federation of Small Businesses (FSB) has welcomed Chancellor Philip Hammond’s plea to examine ways to help small businesses deal with the “scourge” of late payment.
Chairman Mike Cherry said: “The Chancellor is absolutely right to commit the government to eliminate the scourge of late payments, which place cruel financial pressure on more than eight out of ten small businesses.
“The poor treatment of smaller suppliers by many bigger companies is both unacceptable and holds back growth and productivity.”
