Have your say on unfair payment terms..Debt recovery. The Office of the Small Business Commissioner (SBC) was established in December 2017. Since then it has helped small businesses to recover £7.4
million in late payments from larger companies. However, as of November 2020 £23.4 billion was owed to small and medium-sized businesses. With this in mind, the government is considering
strengthening the SBC’s powers. On the table. The proposals are that the SBC would gain powers to activate enforcement mechanisms,...
Published 16.12.2020
Click here