Written Question·Department for Business and Trade·UIN 34123
Construction: Billing
Tabled: 26 February 2025
Answered: 12 March 2025
Named DayQuestion
Michael Wheeler
Labour — Worsley and Eccles
To ask the Secretary of State for Business and Trade, whether his Department has made an assessment of the potential impact of delayed invoice payments on (a) self-employed individuals, (b) sole traders and (c) small businesses in the construction industr
Answer
Sarah JonesSmart Data Foundry research shows that small businesses, including those in the construction industry were owed on average an estimated £22,000 in late payments in 2022. This represents a significant cash flow challenge for small businesses, undermining o...
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