BCC welcomes improvements to Prompt Payment Code
Suren Thiru, Head of Economics at the BCC said: “With firms continuing to face major cash flow difficulties, and our research suggesting that late payments have risen during the pandemic, businesses will be encouraged by the launch of a reformed prompt payment code.
“The improved code must be the first step in creating a culture of prompt payment where affected firms feel confident to call out bad practices, government uses its convening power to tackle this issue in sectors where it is clear that problems exist, and where there is a clear focus on improving relationships between businesses to address the problem of late payment.”
Related Posts
-
Inflation Rises as Cost Burdens Loom for Business
Reacting to the latest inflation data from the ONS, David Bharier, Head of Research said: “While inflation is down considerably from this time last year, the larger than expected uptick […]
More -
Barnsley & Rotherham Chamber of Commerce Announces Official Fitness Partnership with Everlast Gym, Rotherham
Barnsley & Rotherham Chamber of Commerce is excited to announce an official partnership with Everlast Gym, Rotherham, aimed at promoting health, well-being, and fitness among Chamber members and the wider […]
More -
Barnsley and Rotherham Business Awards 2024 – A Celebration of Business Excellence
On Friday, 8th November, Barnsley & Rotherham Chamber of Commerce hosted the annual Barnsley and Rotherham Business Awards – A Celebration of Business, at Magna in Rotherham. The event, headline […]
More -
South Yorkshire Firms Asked To Share Their Experiences With Business Crime Through A New Survey
Take the survey https://bit.ly/4fjGs3G Organisations across South Yorkshire are being asked to share their experiences with business crime, via a new poll conducted by the three regional chambers of commerce. […]
More
