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Jeff Longhurst, Main executive in the Asset Centered Finance Affiliation, said: ‘This is certainly good news for UK corporations. Invoice finance is really a critical source of funding for SMEs specifically, and getting helpful action towards bans to the assignment of invoices allows more corporations to unlock the funding tied up inside their unpaid invoices.
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The transfer marks the latest work from Whitehall to crack Britain’s late payments lifestyle, where significant companies hold off spending bills, so starving smaller suppliers of cash.
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