Solving the SME cash flow crisis: It’s time for late payments to end

In the intricate web of business activity in the UK, the relationship between large corporations and SMEs plays a pivotal role in shaping the economic landscape. With SMEs accounting for 99.9% of the UK business population, their importance and contribution to the economy is crucial. Despite this, 2023 has seen the largest net decrease of small businesses on record. The UK government has announced plans to introduce new measures to support SMEs, it’s now time for major corporations to play their part. As businesses continue to struggle against the backdrop of the cost of living crisis, cash flow issues have become a major concern. With…

This story continues at The Next Web

from LatestTechyTalks