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<p> </p><p> </p><p> </p><p>The Government considered the impact of late payment on
Small and Medium Enterprises in our discussion paper Building a Responsible Payment
Culture. As a result we are working with industry to create greater transparency of
payment practices and a more responsible payment culture. This will include a statutory
requirement, via the Small Business Enterprise and Employment Bill, for large firms
to publish their payment practices. In addition, we are committed to working with
the Institute for Credit Management and businesses to strengthen the Prompt Payment
Code.</p><p> </p><p> </p><p> </p><p> </p><p> </p>
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