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Economics2h 53m ago

Late payments are costing the UK economy an estimated £11bn a year, with nearly half of all SME invoices delayed.

UK

Who
Sage, UK government, British businesses, SMEs
What
Late payments are costing the UK economy an estimated £11bn a year, with nearly half of all SME invoices delayed.
When
Mon, 15 Jun 2026 00:00:00 GMT · 2h 53m ago
Where
UK ·
Why
49% of SME invoices are paid late, causing businesses to wait an average of 27 days for payment, creating cashflow issues.
The Frontline Impact

How this affects you

The delays prevent SMEs from investing in new technologies, impacting economic growth and productivity, even as the small business sector shows overall profit and revenue growth.

Story chain

3 events in this thread
  1. Currently Reading2h 53m ago
    Late payments are costing the UK economy an estimated £11bn a year, with nearly half of all SME invoices delayed.
  2. Economics2h 53m 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.
    Open article
  3. Economics2h 53m 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.
    Open article

Verified Sources & Citations

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