Home > Uncategorized > Cameron on late payments

Cameron on late payments

David-Cameron-11

http://realbusiness.co.uk/article/24394-david-cameron-to-announce-consultation-on-devastating-late-payments-

He is to announce a “consultation” to “see what can be done”. There is some talk about increased legislation and no doubt there will be some well intended statements to follow. Or maybe there will be hot air to give the impression that something is being done

Have covered this before on here but the key element of any legislation is enforcement. Who is going to do so? It would be a big call for any supplier whether small or large and frankly I find it hard to envisage the government of the day dragging party doners through the courts because they paid someone on 60 rather than 30

One possible option could be to take a look at the average creditor days from filed accounts and possibly take a view on that. But again this would be very open to challenge and you can be sure it would be

Advertisements
Categories: Uncategorized
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: