Small firms 'owed £35bn' - Today's small business news roundup

  • By Josh Hall
  • 16 May 2012
Small firms 'owed £35bn' - Today's small business news roundup

Late payment, manufacturing support, and Greek crisis - here's your need-to-know business news roundup.

Small firms are owed some £35 billion in late payments.

This is according to research from Bacs, which found that large businesses are the worst culprits for overdue invoices. [Telegraph]

UK manufacturers want more government support according to BDO.

Research from the business advisors found that just 26 per cent of manufacturers believe the government is pursuing the right policies. [BBC]

Markets were again in turmoil yesterday as a potential Greek euro exit draws closer.

IMF chief Christine Lagarde said: “The spillover effects, the chain of consequences, are very difficult to assess. We can certainly assume that it would be quite messy.” [ThisIsMoney]

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