Faster rails did not cure slower habits.
The Bill would cap in-scope payment terms at 60 days, make late-payment interest mandatory at 8% above Bank Rate and give the Small Business Commissioner stronger powers to investigate, adjudicate and fine.
There is a pleasingly British absurdity here: money can move in seconds, yet Parliament may need legislation to persuade a large customer that 60 days is quite long enough.
Read the Government’s Bill overview →Late payment is attrition.
At 88, Paul’s idea of taking it easy is another ultra.
Paul Youd is walking 50 km challenges to raise £500 for Viva!, proving - his phrase, not ours - that you can stay fit and strong as a vegan ‘into old age, should I ever get there’. He is already 79% of the way to his target.
Back Paul’s next ultra →The square that escaped the factory.
QR codes were invented by a two-person team to track manufacturing parts. Tomorrow: how their 1:1:3:1:1 pattern wandered onto tickets, adverts and the checkout.