Home > Uncategorized > More on late payments

More on late payments

This shows up Labour very poorly indeed. From the BBC

Labour’s late payment figures come from a “random selection” of data from credit reports produced by Experian.
The credit reference agency said it had not had any input into Labour’s report and the figures were taken from a commercially available report aimed at giving small businesses an idea of how late some companies can be with payments.
An Experian spokesman said the figures solely related to invoices settled late and did not take into account payments that had been made on time.
“As such, the data relates to how late a business can expect any late payments to be, and not the company’s overall track record on the payment of suppliers,” the spokesman said.
“For example, if a company settles 1,000 invoices on time but 50 are paid an average of 20 days late, their ‘days beyond terms’ figure would be 20.

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