
LOL Labour has just managed to turn a 60 day payment rule into 60 day payment by default.
Small businesses won’t get contracts unless they accept stretched terms, most with an “early settlement discount” meaning you pay them, to pay you on 59 days.
Or payment 60 days from invoice approval. Which may take a month… right back to 90 days. And if the small businesses complains, they won’t be a supplier again.
What’s Peter Kyle’s business experience again?

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