New poll shows 61% of small businesses in the UK want legislation around late payments

London, May 14, 2018 - Basware, a global leader in payments and spend management, and YouGov today release a survey that shows the true extent of SMEs’ exasperation with the UK’s late payment culture. The survey of over 2,000 small businesses with less than 250 staff found that more than half support a change in the law around late payments – with six-in-10 backing the introduction of a 45-day minimum payment term. More than six times as many SMEs want new laws as don’t (61% vs 10%). The UK economy is built on the success of small businesses – together they employ around 16 million