Late payment increase sees pressure grow on suppliers

Businesses may struggle to access credit as operating costs hit their highest levels since 2008 due to late payment increase, a leading insurer has warned.
Companies slower in making payments
Credit is set to become more expensive and in shorter supply as companies become slower in making payments, according to Allianz, one of the world’s biggest insurance companies.
Its analysts warned that suppliers increasingly were operating as de facto banks to their clients, which raised liquidity ri