Government paying SME invoices late

Over 60% of small and medium-sized businesses are waiting over 30 days for government invoices to be paid, according to new research from credit reference agency Graydon UK.

The data also revealed that 98% of those SMEs questioned that supply government agencies, local government bodies and central government reported that they are still not being paid within the ten day timeframe pledged by Lord Mandelson in October 2008.

Read more: http://www.newbusiness.co.uk/news/government-paying-sme-invoices-late

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