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UK Mandates Large Firms Disclose Payment Times to SMEs

7/30/2025

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Summary

Story summary

The UK government is taking a stand against late payments to small and medium-sized enterprises (SMEs) by mandating large companies to disclose their payment times to suppliers. Business Secretary Jonathan Reynolds will reveal a comprehensive strategy in August, aiming to boost support for SMEs and foster greater transparency and accountability in business practices.

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Story summary

The UK government is taking a stand against late payments to small and medium-sized enterprises (SMEs) by mandating large companies to disclose their payment times to suppliers. Business Secretary Jonathan Reynolds will reveal a comprehensive strategy in August, aiming to boost support for SMEs and foster greater transparency and accountability in business practices.