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View Full Version : UK Late Payment Legislation - No Hard Evidence Of Improvement



NewsBot
13-Oct-06, 09:10
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:

UK Late Payment Legislation - No Hard Evidence Of Improvement

Late payment still higher than seven years ago despite Government pledge The latest Credit Professional Index (October) from the Institute of Credit Management (ICM) shows that Late Payment by UK companies is still higher than seven years ago - despite a range of Government measures including the introduction of the Late Payment of Commercial Debts (Interest) Act in November 1998. The latest research, undertaken for The ICM by the Credit Management Research Centre (CMRC) at Leeds University Business School, is based on company activity in Quarter 2 of 2006 (April-June) and shows that the number of days overdue stands at 17 days on average. ... [Read Full Article (http://www.caithness-business.co.uk/article.php?id=357)]