Late Payment of SMEs in Construction – Simple Legislation Solution
If you search for articles on late payment relating to SMEs, you find publications deal with complaints and statistics showing how the problem is rife but actually offer no solution. All articles refer to optimistic future actions to be taken by the government, such as undefined fines and sanctions that have never materialised. The Chamber of Commerce says it plans to lobby parliament on this problem in the New Year, but what is it going to ask for? Late payment always becomes more acute when money gets tight, you see more bankruptcies and this year it has been a particularly trying one, for example with the uncertainty of Brexit.
