Reporter 458, 6 November 2000


Interesting times

Professor Nick Wilsonís Credit Management Research Centre at the Business School reports that one in ten small businesses are now using the provisions of the Late Payment of Commercial Debts (Interest) Act of 1998 to add interest charges to the bills of late payers.

The proportion of small firms using the law to penalise tardy settlements has doubled in the past year, the centre calculates. Its researches have frequently been cited in parliamentary debates on the problems facing smaller firms.

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