Research conducted by the Better Payment Practice Group (BPPG) reveals that 85% of UK companies believe that late payment is unethical.
The survey, conducted on the BPPG's website, www.payontime.co.uk, asked businesses whether they thought paying suppliers late was an unethical practice. Of the 1,652 businesses that responded, 1,409 believed this to be the case.
The BPPG is reminding businesses that, as well as being ethically wrong, the practice of deliberately paying later than agreed terms can prove detrimental for sound economic reasons:
