G&G verified business evidence
Late payments are estimated to cost the UK economy almost £11 billion a year.
Government-commissioned research combined a business survey, econometric analysis and a quantification exercise. The estimate describes economy-wide cost and should not be read as a direct loss experienced equally by every SME.
Government-commissioned research.
Department for Business and Trade
Late payments research: impact on the UK economy
The research estimates an annual economic cost of almost £11 billion.
Department for Business and Trade. Late payments research: impact on the UK economy. 30th of July, 2025. https://www.gov.uk/government/publications/late-payments-research-impact-on-the-uk-economy
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