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Economics4h 20m ago
Late payments are costing the UK economy an estimated £11bn a year and leaving small businesses (SMEs) waiting almost a month to be paid.
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UK
Who
Sage, UK government, British business, SMEs, ministers
What
Late payments are costing the UK economy an estimated £11bn a year and leaving small businesses (SMEs) waiting almost a month to be paid.
When
Mon, 15 Jun 2026 00:00:00 GMT · 4h 20m ago
Where
UK ·
Why
49 per cent of SME invoices are paid late, with businesses waiting an average of 27 days after issuing an invoice.
The Frontline Impact
How this affects you
This cashflow issue is preventing many UK firms from investing and adopting new technologies, hindering economic growth and digital transformation efforts despite overall profit growth in the SME sector.
Story chain
3 events in this thread- Economics4h 20m agoLate payments are costing the UK economy an estimated £11bn a year, with nearly half of all SME invoices delayed.Open article
- Economics4h 20m agoLate payments are costing the UK economy an estimated £11bn a year and leaving small businesses (SMEs) waiting almost a month to be paid, according to new Sage data.Open article
- Currently Reading4h 20m agoLate payments are costing the UK economy an estimated £11bn a year and leaving small businesses (SMEs) waiting almost a month to be paid.