Small Business Minister Margot James recently revealed new “Duty to Report” rules aimed at boosting transparency in the payments process from large corporations to small firms. “Unfair payment practices and unnecessary red tape hamper [SMEs’] ability to grow and have no place in an economy that works for all,” James stated. “By shining a light on how large businesses pay their smaller suppliers, we want to empower small businesses and drive real change in payment culture.” Read more: pymnts.com
