The government has committed to tackling the scourge of late payments, which reportedly affect 1.5 million businesses, costs the UK economy almost £11 billion per year and contributes to the closure of 38 businesses every day.
They are proposing a package of new measures that amounts to the most significant legislation to tackle late payments in over 25 years. A consultation on the proposals runs until 23 October 2025 and more details are available on the government website.
If you wish to respond to the consultation you can do so online. Or you can respond via email.
Alternatively pass any comments to Iain McNab for inclusion in a Chambers response.
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03.10.2025
