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Large UK businesses pay quarter of invoices late and payment times virtually unchanged since 2018

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One in four invoices received by large businesses are paid late and there has been no improvement in the average time it takes to pay suppliers, according to analysis of UK Government data by the Chartered Institute of Procurement & Supply (‘CIPS’). The findings highlight the entrenched culture of late payment within the UK business community and comes ahead of the findings of a Government review into payment practices.

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