Small Business late payments hit 2 year high

With the UK economy likely to fall into a recession, small business late payments were made on average 8.2 days later in September. This is the highest small business late payment time since August 2020 according to the latest data from Xero, the global small business accounting platform.
Xero’s Small Business Index, based on aggregated data from hundreds of thousands of small businesses, found that in the UK unpaid invoices are paid significantly later than they are in Australia (6.5 days