Business Payment terms

• Petition

Petition Action

Business Payment terms

Additional Information

Corporates in the UK are holding £36bn in overdue payments, let alone those being held within terms up to 90 days.

The Bank of England has been trying to force banks to lend £40bn to SME's to get the economy moving.

However will SME's borrow to invest when confidence is low? Investment and growth are more likely to happen if they have their own cash.

We need to adopt payment terms such as those in Germany. We need 30 day mandatory payment terms.

This will benefits SMEs, increase confidence, employment and the corporates also see the benefit as more is spent on the high st, invested in capital equipment etc. The whole economy will speed up.

The reason why Germany has consistently out performed the UK, is 30 day payment terms. They use, spend, invest their cash at 2-3 times the speed the UK does. It can be no surprise they have grown quicker and stronger over the decades.

This should be the No1 priority for government to get the economy moving.

---

You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!

Have your say on this petition!

comments powered by Disqus