Late payers to small business could be barred from public sector contracts
Some of the biggest government contractors face being barred from public sector contracts if they fail to start paying small businesses on time.
From September, outsourcers which do not pay 95pc of small business subcontractors within 90 days could be frozen out of public sector procurement, according to Cabinet Office plans. The rule would apply to all contracts worth more than £5m in the £50bn government procurement sector.
Read more at Small Business.
Law Commission urges improvements to anti-money laundering regime
UK puts mini-bond regulation under spotlight after LCF collapse
