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Economics4h 27m 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, according to new Sage data.
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UK
Who
Sage, small businesses (SMEs), UK government, 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, according to new Sage data.
When
Mon, 15 Jun 2026 00:00:00 GMT · 4h 27m 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, blocking cashflow.
The Frontline Impact
How this affects you
This cashflow issue is preventing many UK firms from investing in crucial new technologies, despite the SME sector showing profit growth and resilience, potentially hindering national economic growth strategies focused on productivity and digital transformation.
Story chain
3 events in this thread- Economics4h 27m agoLate payments are costing the UK economy an estimated £11bn a year, with nearly half of all SME invoices delayed.Open article
- Currently Reading4h 27m 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.
- Economics4h 27m agoLate payments are costing the UK economy an estimated £11bn a year and leaving small businesses (SMEs) waiting almost a month to be paid.Open article