Government purchasing and SMEs: The end of late payment culture?

Recent figures have revealed that UK Government spending on SMEs topped £12.1 billion in 2015, representing a 27.1% share of all expenditure. Equally good news for small businesses came with the announcement that 17 of the government’s 33 strategic suppliers have agreed to sign up to a Prompt Payment Code. Could an end to late payment culture be just around the corner?