Can new rules tackle late payments?

Legislators are having another crack at reining in businesses that delay paying supplier invoices. The European Commission admits the current late payment directive is “ineffective” … but will the new rules work any better this time round? Hartley Milner asks.It’s the stuff of cash flow nightmares, it inhibits investment, drives smaller companies to insolvency and has defied all efforts to stamp it out. Late payment remains endemic across west Europe and has an especiall