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Supermarkets, manufacturers told to pay on time

14-Oct-2008

Related topics: Financial & Industry

UK environment secretary Hilary Benn has warned that just one late payment can make the difference between survival and going out of business for a small supplier, according to The Guardian.

At a meeting with food industry leaders, Benn reportedly told supermarkets and big-scale manufacturers that they should be speeding up payments to suppliers, especially in the current tough economic climate.