Labour is the true party of small business

Labour is the true party of small business. It’s been clear for the last eight years that the Tories are on the side of the biggest corporations, not the small businesses that are the lifeblood of the British economy. In government, the Tories allowed Carillion to grow into a racket that threatened small businesses across the country when it finally ran out of track.

 

Today, research published by the Federation of Small Businesses shows how damaging late payment practices can be for small firms. One in three firms are paid late, and over a third have seen agreed payment terms lengthening over the past two years. Companies are supposed to pay within thirty days, but in Carillion’s case, it was 120 by the time the company went bust. If people cannot get away with paying their mortgage or their rent 120 days late, then large companies that support jobs up the supply chain shouldn’t either.

Read more from Bill Esterson for Labour List here: https://labourlist.org/2018/05/bill-esterson-labour-is-the-true-party-of-small-business/