What is the Fair Payment Code? What to Know in 2025
Approximately 50,000 businesses close each year due to late payments, according to research by the Federation of Small Businesses (FSB). This is threatening jobs and damaging prosperity throughout the UK.
That’s why, over the last few years, the UK government has introduced many reforms to what’s known as the Prompt Payment Code. This initiative is designed to speed up cash flow, increase compliance, and stimulate business growth.
That’s why, over the last few years, the UK government has introduced many reforms to what’s known as the Prompt Payment Code. This initiative is designed to speed up cash flow, increase compliance, and stimulate business growth.
