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UK small businesses spend GBP 11 bln chasing payments

The UK government`s measures to improve late payments to suppliers have had some impact, but the burden on small businesses of chasing those payments remains severe, according to new figures.

The total owed in late payments to UK companies of all sizes has fallen from an estimated GBP 45 billion to GBP 31 billion since July 2014, according to Bacs, the direct debit company, reports Sarah Gordon. Read more