Tuesday, 19 August 2014

How big business bullies its suppliers into lending

Late payment is a major problem for freelancers and small firms and it seems to be getting worse. Big businesses are effectively banking with their suppliers’ money - so will government step in?

Arnab Dutt, owner of manufacturing company Texane, is scathing of government measures to date. "So far, nothing the government has done in terms of legislation has seriously impacted this disgraceful scenario."

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