Tuesday 11th September, 2012
The Forum of Private Business has found councils struggling to meet payment terms targets. Despite government imposed targets for councils to pay suppliers within 10 days, on average barely half (51%) of councils actually do. Although it's an improvement on the 45% figure in 2009, it's not the move forward the government was hoping for. The data also reveals suppliers are now paid, on average, after 17.5 days – a fractional improvement from 2009 when it was 17.9.
It also appears that there's a large discrepancy between different areas of the country. On the whole, councils in the North West were the quickest payers, while those in Yorkshire were the worst.