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We need a universal culture of prompt payment, says CBI

The CBI has said that despite the majority of businesses agreeing and sticking to fair payment terms with their suppliers, there is a need to ensure that all companies have a culture of prompt payment. Matthew Fell, CBI director for competitive markets, said: “Most companies agree and stick to fair payment terms

CBI comments on Government’s late payment consultation

The CBI today responded to the Government's announcement that there will be a consultation on tackling late payments. Katja Hall, CBI chief policy director, said: “Late payment is a serious issue for all businesses but particularly for smaller firms, as cash flow is their life blood. “Businesses already have a number of routes