Big firms could be fined for paying suppliers late
Big firms could be fined for paying suppliers late
The government says thousands of businesses go under each year as a result of invoices being paid late.
Read the full article on BBC Politics
Truth Analysis
Analysis Summary:
The article appears mostly accurate, focusing on the proposed legislation regarding late payments to suppliers. The BBC article presents the information in a relatively neutral tone, though the focus on the negative consequences of late payments could be seen as a slight slant. The claim about thousands of businesses failing annually due to late payments is difficult to verify directly with the provided sources, but the general issue is well-documented.
Detailed Analysis:
- Claim: The government says thousands of businesses go under each year as a result of invoices being paid late.
- Assessment: Unverified. While the sources confirm the issue of late payments and the government's intention to address it, none of them directly corroborate the specific claim about the number of businesses failing annually. This claim requires further investigation to determine its accuracy.
- Claim: Big firms could be fined for paying suppliers late.
- Verification Source #1: Fines will be increased, and deadline for payments shortened to 45 days, under proposed changes.
- Verification Source #2: The government is planning to introduce new legislation that could see big companies fined potentially millions of pounds if they ...
- Verification Source #3: ... business commissioner powers to fine large companies that persistently pay their suppliers late.
- Assessment: Supported. Multiple sources confirm the government's plan to introduce fines for large companies that pay suppliers late.
Supporting Evidence/Contradictions:
- Source 2: Firms that pay suppliers late could be fined millions under new laws ...
- Source 3: Companies who pay suppliers late to be fined | Politics News | Sky ...