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Late payers could be blacklisted

14th March 1996, Page 10
14th March 1996
Page 10
Page 10, 14th March 1996 — Late payers could be blacklisted
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• The Government is stepping in to help hauliers facing cashflow problems caused by late payers. Under plans revealed this week, large firms would have to publish payment policies and the results of actual payments. Firms continually paying creditors late might be placed on a blacklist to shame them.

Prime Minister John Major promises that Whitehall will take the lead. Government departments' payment record will be monitored and league tables of the best and worst payers published. He says the problem is "a bugbear" for small business. "We must take steps to generate embarrassment among those who wilfully and continually pay late. Peer pressure does work."

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