April 09 2015
The Confederation of British Industry (CBI) has welcomed changes made by the last government to improve overdue payment performance, but called for more progress to unlock systemic biases against small and medium sized enterprises (SMEs).
CBI cites changes made to the prompt payment code and greater transparency from new rules forcing larger companies to report payment performance as signs of positive progress, but still has concerns about larger companies ‘gaming’ the system and unfairly delaying payments to their often much smaller suppliers.
Among the changes CBI is calling for are:
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