![]() |
FREE Business banking forever With Abbey you can enjoy free day-to-day business banking, forever! Call us now on 0800 085 3099 or click here to find out how. |
Government pulls funding for late payment advice site | |
With quite ironic timing, it appears that Government funding has ended for a well-known late payment advice site, the Better Payment Practice Group.
The organisation was initially set up to encourage businesses to improve their payment practices.
According to BusinessZone.co.uk, funding for the BPPG site ended on Thursday 31st July. The current advice provided by the site will be transferred to the Business Link portal.
The Better Payment Practice Group was established to promote a "better payment culture within the UK and urges all firms to adopt a responsible attitude to paying on time."
Given the current economic uncertainly, this news could not be less welcome. Only last month, we reported that a recent survey found that 82% of businesses are seeing an increase in the number of customers that are paying late. And with 83% of businesses stating that late payment will have either ‘serious' or ‘very serious' consequences for their businesses, the problem could be severe.
In further news, the FSB reported that big organisations are unashamedly making small firms wait over 100 days before getting paid, often changing payment terms with little notice.
Late Payment Resources
We have dozens of late payment articles on Bytestart, including:
Posted August 7, 2008
| Our Partners |
|
Hiscox Office Insurance Instant Online Quotation |
|
Limited or Umbrella Co.? Ask Danbro today |
| Bibby Financial Services Funding your business |
|
PayPoint.net Solutions |
| 2 Years FREE Banking Alliance & Leicester |
| MORE THAN Business 10% off PI Insurance |
|
Free Day-to-Day Banking Abbey - 0800 085 3099 |
| Public Liability Insurance Get online cover now |
![]() |
| Key Services |
|
Company Formation Instant online setup! |
|
£20 Free Postage & 30 Day No Ties Trial |
| Cashflow Problems? Try Invoice Financing |
|
Phone and Broadband Great deals for business |
|
Compare Insurance Deals Essential insurance cover |
|
Virtual Office Service For full details click here. |
| More Finance Guides |
| General Guides |
| Start Up Services |

