Financial Crime
March 20, 2025
Despite UK government efforts to increase penalties on firms who fail to pay suppliers on time, the impact on small businesses is increasing, agree industry advocates and a market participant.
“[Recent government proposals] are giving big customers the out to say, ‘no, we don’t have unfair payment practices, we’re just useless. We’re not systemically mean, we’re just a bit hopeless,’” says Louise Beaumont, co-chair, Open Banking Payments Working Group, techUK.
Read more here.
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