Economic uncertainty from Brexit means bad cycle of late payments in the UK

More than half of B2B sales in the UK are now made on credit as opposed to cash transactions, as businesses try to make themselves more attractive to potential customers amid the uncertain climate of Brexit. But credit can also lead to a cycle of late payments and 45% of UK businesses are reporting that they are delaying payments to their own suppliers due to being victims of late payments themselves.

RIABU’s Simon Littlewood and Mark Laudi talk about how to make sure payment terms are agreed upon by all the parties so that your customer is more likely to pay you on time.