Late paying contractors to be hit with public work ban

Late paying contractors are to be prevented from procuring government contracts under new proposed legislation.
Companies bidding for government contracts worth over £5m must demonstrate they pay all invoices within 55 days, or face a public work ban
The potential public work ban was announced as part of the Autumn Statement, where chancellor Jeremy Hunt outlined the deadlines that would tighten over the next couple of years.
Coming into effect from April 2024, firms bidding for Gover