The economic impacts of late payment

Hopkins, Paul and Richmond, Kenny and Kane, Kevin (2017) The economic impacts of late payment. Fraser of Allander Economic Commentary, 41 (3). pp. 60-64. ISSN 2046-5378

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This short paper presents an overview of existing evidence about the impact and consequences for companies who are paid later by their customers than agreed terms. It sets out evidence on the causes of late payment, impacts of late payment on companies and the economy and concludes by setting out potential policy responses.