Companies to face fines in late payments crackdown
Wednesday, 30 July 2025 () Companies which continually pay their suppliers late will face fines worth potentially millions of pounds, the prime minister has announced.
The business secretary has unveiled plans to crack down on late payments to ease the burden on small businesses. Jonathan Reynolds said the small business commissioner is to be given powers to fine..
The government are cracking down on late payments by cutting red tape for small businesses. Discussing the plans, Business Minister Gareth Thomas said: "We are determined to crack down on late..