09/06/2026
Your Weekly JGBA News💡
The Small Business Protections Bill, highlighted in the King’s Speech, is now before Parliament. It aims to ease challenges small businesses face in payment issues. Key measures include a 60-day cap on payment terms for large firms, mandatory interest on late payments set at 8% above the Bank of England base rate, and preventing retention payment withholding in construction. The Small Business Commissioner will gain powers to investigate and fine late payers. Small businesses are eager to see the Bill's progress. What do you think about these proposed measures? Leave a comment below! 💼