Simple Changes #5
Pay your suppliers promptly
Problem
A third of payments to small businesses are late. The FSB predicts that 50,000 UK businesses cease trading every year because of these late payments from those commissioning their services, with up to 30% being forced to use an overdraft. Each late payment can cost a small business up to £6,142, with up to 79% of small businesses not charging interest for overdue invoice
Simple Change
By paying small business on time, you will prevent businesses running into cash flow difficulties.
Well-being goals you’ve contributed to
A Prosperous Wales
You have earned...
A Prosperous Wales
An innovative, productive and low carbon society which recognises the limits of the global environment and therefore uses resources efficiently and proportionately (including acting on climate change); and which develops a skilled and well-educated population in an economy which generates wealth and provides employment opportunities, allowing people to take advantage of the wealth generated through securing decent work.
A Globally Responsible Wales
You have earned...
A Globally Responsible Wales
A nation which, when doing anything to improve the economic, social, environmental and cultural well-being of Wales, takes account of whether doing such a thing may make a positive contribution to global well-being
A More Equal Wales
You have earned...
A More Equal Wales
A society that enables people to fulfil their potential no matter what their background or circumstances (including their socio economic circumstances)
