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IoD response to the BIS consultation into late payment and unfair payment practices

14 Nov 2015
An alarm clock on an office desk

The IoD welcomes the opportunity to respond to this consultation, which comes hot on the heels of a string of Government measures, aimed at tackling the issue of late payments affecting small businesses.

The IoD regularly tracks the impact of late payment on its members and the latest published statistics are included at the end of this document. We recognise it is an issue for small businesses but also note that it is a complex one.

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