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The move marks the newest exertion from Whitehall to crack Britain’s late payments tradition, where huge companies hold off shelling out costs, so starving little suppliers of cash.
The same rule is currently in outcome from the US, Canada and Australia. Its introduction in the UK follows previous month’s announcement by Soubry of a small company payments tsar, who'll winner smaller corporations, significantly on the issue of late payment. That, way too, is currently being based upon measures adopted in Australia.
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