New Data shows Small Business Late Payments increasing

Late payments to UK small businesses surged over the last three months, with payments delayed by more than a week on average, according to the latest research by Xero.
Payments to small businesses were made 7.3 days late, on average, between April and June. This is an increase of 1.8 days compared to the January and March Quarter, and represents the largest quarterly increase for four years, when pandemic uncertainty prompted a short-term spike. The largest increases in late payments were seen i