Federation of Small Businesses urges ministers to improve payment issue that has long dogged the sector
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.
Almost a third of small businesses (30%) surveyed told the FSB that they had seen the late payment of invoices increase over the last three months, with at least 8% warning that the problem has become so bad that it was threatening the viability of their business.
