www.printweek.com
Open in
urlscan Pro
20.107.224.27
Public Scan
Submitted URL: https://email.printweek.com/c/1GkWSWbY4NwOBg1YYPlNPDaxH7dB
Effective URL: https://www.printweek.com/content/news/chancellor-acts-to-improve-payment-terms-at-public-sector-suppliers
Submission: On November 27 via manual from GB — Scanned from GB
Effective URL: https://www.printweek.com/content/news/chancellor-acts-to-improve-payment-terms-at-public-sector-suppliers
Submission: On November 27 via manual from GB — Scanned from GB
Form analysis
2 forms found in the DOM/search
<form action="/search" class="w-full">
<div>
<label for="search" class="sr-only">Search</label>
<div class="relative">
<div class="pointer-events-none absolute inset-y-0 left-0 flex items-center pl-3">
<svg aria-hidden="true" class="h-5 w-5 sm:h-7 sm:w-7 text-primary" x-description="Heroicon name: solid/search" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 20 20" fill="currentColor">
<path fill-rule="evenodd" d="M8 4a4 4 0 100 8 4 4 0 000-8zM2 8a6 6 0 1110.89 3.476l4.817 4.817a1 1 0 01-1.414 1.414l-4.816-4.816A6 6 0 012 8z" clip-rule="evenodd"></path>
</svg>
</div>
<div class="flex border-2 border-neutral-200 rounded-md w-full overflow-hidden bg-white">
<input id="search" x-ref="search" name="query" class="block grow p-4 pl-10 sm:pl-12 leading-none placeholder-neutral-500 text-sm sm:text-lg border-none focus:ring-inset" placeholder="What are you searching for?" type="search">
<button type="submit" class="text-base sm:text-lg text-primary font-bold font-heading px-4"> Search </button>
</div>
</div>
</div>
</form>
Name: PDI_form13004791 —
<form style="margin-bottom: 0px; margin-top: 0px;" name="PDI_form13004791" id="PDI_form13004791">
<div class="css-box pds-box">
<div class="css-box-outer pds-box-outer">
<div class="css-box-inner pds-box-inner">
<div class="css-box-top pds-box-top">
<div class="css-question pds-question">
<div class="css-question-outer pds-question-outer">
<div class="css-question-inner pds-question-inner">
<div class="css-question-top pds-question-top">
<div>Should the government mandate maximum customer payment terms for SMEs?</div>
</div>
</div>
</div>
</div>
<div class="css-answer pds-answer"><span id="pds-answer13004791" role="group" aria-label="Should the government mandate maximum customer payment terms for SMEs?">
<div class="css-answer-group pds-answer-group">
<div class="css-answer-row pds-answer-row"><span class="css-answer-input pds-answer-input"><input class="css-radiobutton pds-radiobutton" type="radio" id="PDI_answer58399274" value="58399274" name="PDI_answer13004791"></span><label
for="PDI_answer58399274" class="css-input-label pds-input-label"><span class="css-answer-span pds-answer-span">Yes</span></label><span class="css-clear pds-clear"></span></div>
</div>
<div class="css-answer-group pds-answer-group">
<div class="css-answer-row pds-answer-row"><span class="css-answer-input pds-answer-input"><input class="css-radiobutton pds-radiobutton" type="radio" id="PDI_answer58399275" value="58399275" name="PDI_answer13004791"></span><label
for="PDI_answer58399275" class="css-input-label pds-input-label"><span class="css-answer-span pds-answer-span">No</span></label><span class="css-clear pds-clear"></span></div>
</div>
</span></div>
<div class="css-vote pds-vote">
<div class="css-votebutton-outer pds-votebutton-outer"><button id="pd-vote-button13004791" type="submit" class="css-vote-button pds-vote-button" value="Vote">Vote</button><span
class="css-links pds-links"><a href="javascript:PD_vote13004791(1);" class="css-view-results pds-view-results">View Results</a><br><span class="css-clear pds-clear"></span></span><span class="css-clear pds-clear"></span></div>
</div>
</div>
</div>
</div>
</div>
</form>
Text Content
Open Menu modal Close Menu modal Open search modal * Login * Register * Home * News * Products * Knowledge Bank * Community * Insights * Showcase * Awards * Reports * Events * Jobs * About Us * Contact Us * Advertise * International * India * Druck & Medien * MENA NEWS CATEGORIES Applications Awards BPO Briefings Business Contracts Direct Mail Events Environment Investment & Installations Labels Packaging People Print Buying Product News Publishing PRODUCT CATEGORIES Consumables Design Digital Equipment manufacturers Me & My Post-press Pre-media Presses Star Products Substrates Technical Features Wide-format Printweek special supplement MARKETING TECHNOLOGY REPORT 2023 * News * Products * Community * Insights * Showcase * Awards * Jobs Open search modal SEARCH Close search modal Search Search SOLVING PRINT'S PAIN POINTS An exclusive Printweek supplement highlighting businesses that have risen to the industry's challenges. Download -------------------------------------------------------------------------------- News Conditions will apply from April 2024 CHANCELLOR ACTS TO IMPROVE PAYMENT TERMS AT PUBLIC SECTOR SUPPLIERS News by Jo Francis 23 November 2023 Business Policy change: "Some print managers are going to have to change the way they work" Jeremy Hunt’s Autumn Statement contained a new policy that could have a far-reaching – and positive – impact on parts of the industry. Among the raft of measures introduced yesterday, the chancellor had this to say about SMEs and the issue of late payment. In his section about SMEs, Hunt stated: “Next, small business. I ran my own one for 14 years and have always known that every big business was a small business once. The Federation of Small Businesses say that the biggest thing I could do to help their members is end the scourge of late payments. The Procurement Act we have passed means that the 30-day payment terms which are already set for public sector contracts will automatically apply throughout the sub-contract supply chain. “But from April 2024 I will also introduce a condition that any company bidding for large government contracts should demonstrate they pay their own invoices within an average of 55 days, which will reduce progressively to 30 days,” he stated. Slow or late payment is an enduring hot topic, and the recent revelation that marketing services firm ADM Group was implementing standard payment terms of a whopping 180 days has further ignited the debate in the printing industry. A number of large marketing services and print management businesses currently hold public sector contracts that involve the print supply chain, although far as Printweek can ascertain, ADM is not one of them. While the public sector element of these contracts is already subject to the 30-day payment terms requirement, it is not necessarily the case that the same terms apply across the whole business. APS Global, which won the tender to run the Print Marketplace platform for the Crown Commercial Service, pays on 30 days for the public sector part of its operation. Printweek understands that standard terms at the wider group are 60 days. Marketing services giant HH Global is an awarded supplier on a number of large public sector contracts, including the giant £420m Crown Commercial Service print management contract. Outside of the 30-day requirement, its standard payment terms are currently 90 days. Sources told Printweek that standard terms at Williams Lea, which owns TSO (formerly The Stationery Office) were 60 days, while Paragon operated on 30 or 60 days. Bicester-based Webmart, which paid its suppliers on seven day terms during the pandemic to help its supplier base cope with the crisis, operates on standard terms of 30 days end of month and will also make early payment for a discount. It is an awarded supplier on a number of public sector contracts. Founder and executive chairman Simon Biltcliffe told Printweek: “Some print managers are going to have to change the way they work, both in how they deal with clients and suppliers. “Often they are agreeing extended terms to win new clients (or keep existing ones) and then passing these long, or even longer ones, down the supply chain.” IPIA general manager Brendan Perring noted that Hunt’s measures would need to have teeth. “That’s a positive. But the reality is: how are you going to police it?” he said. “It’s all well and good to say ‘we’re going to do this’, but how are you actually going to force people to pay, what’s the mechanism, what are the penalties? It’s only a benefit to printers if there is any actual structure behind it. “If the government is able to produce a formal structure that has teeth and is able to enforce 30-day payment terms, that would be a benefit.” Business Print buying Finance Printers Business Please enable JavaScript to view the comments powered by Disqus. RELATED STORIES Measures cautiously welcomed AUTUMN STATEMENT: INDUSTRY REACTS PRINT SMES AMONG WINNERS OF HUGE CCS CONTRACT £200M SME PRINT BUYING PLATFORM GOES LIVE LATEST COMMENTS "Wow! He’s only gone and done it! Charlie boy for PM!" VIEW COMMENTS FOR: IPIA URGES CHANCELLOR TO HEED CALLS FOR BUSINESS SUPPORT "The Pensions Regulator and Pensions Ombudsman are toothless for the likes of a small group of employees. It took the Ombudsman over two years to advise that as my previous employer entered into a CVA..." VIEW COMMENTS FOR: WORKERS LEFT IN LIMBO AT PFI SUBSIDIARY "Great news for the Cestrian staff and hopefully they all transfer over and stay in gainful full time employment. What a shame and disgrace for the poor people left wondering what’s going on at..." VIEW COMMENTS FOR: WORKERS LEFT IN LIMBO AT PFI SUBSIDIARY HAVE YOUR SAY IN THE PRINTWEEK POLL Should the government mandate maximum customer payment terms for SMEs? Yes No VoteView Results -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- UP NEXT... Pro C9500 among Latcham's buys LATCHAM EXTENDS RICOH PARTNERSHIP WITH TRIPLE INVESTMENT News by Richard Stuart-Turner 27 November 2023 Business Range of deals on offer BLACK FRIDAY RETURNS AS PRINTERS AND SUPPLIERS JOIN IN News by Richard Stuart-Turner 24 November 2023 Business Much of the kit is in strong condition WAHOOTI SELLS OFF EQUIPMENT AHEAD OF CLOSURE News by Dominic Bernard 24 November 2023 Wide-format Lord Grade delivered keynote PRINTING CHARITY LUNCHEON CELEBRATES STRENGTH OF PRINT AND 2023 ACHIEVEMENTS News by Darryl Danielli 24 November 2023 Events Printweek is the premier website for the print industry * About Us * Contact Us * Advertising/Feature List * Subscriptions * Awards * Jobs An exclusive Printweek supplement highlighting businesses that have risen to the industry's challenges. Download © Copyright 2023 Mark Allen Group * Privacy policy * Cookie policy * Terms & conditions * Reuse permissions × This website uses cookies This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy. Read more Strictly necessary Performance Targeting Functionality Unclassified Save & Close Accept all Decline all Show details Hide details Cookie declaration About cookies Strictly necessary Performance Targeting Functionality Unclassified Strictly necessary cookies allow core website functionality such as user login and account management. The website cannot be used properly without strictly necessary cookies. Cookie report Name Provider / Domain Expiration Description ARRAffinity Microsoft Corporation .www.printweek.com Session This cookie is set by websites run on the Windows Azure cloud platform. It is used for load balancing to make sure the visitor page requests are routed to the same server in any browsing session. AWSALBCORS Amazon.com Inc. r130.printweek.com 7 days For continued stickiness support with CORS use cases after the Chromium update, we are creating additional stickiness cookies for each of these duration-based stickiness features named AWSALBCORS (ALB). CookieScriptConsent CookieScript .printweek.com 6 months This cookie is used by Cookie-Script.com service to remember visitor cookie consent preferences. It is necessary for Cookie-Script.com cookie banner to work properly. ARRAffinitySameSite Microsoft Corporation .www.printweek.com Session When using Microsoft Azure as a hosting platform and enabling load balancing, this cookie ensures that requests from one visitor browsing session are always handled by the same server in the cluster. AWSALBCORS Amazon.com Inc. markallengroup.blueconic.net 7 days For continued stickiness support with CORS use cases after the Chromium update, we are creating additional stickiness cookies for each of these duration-based stickiness features named AWSALBCORS (ALB). AWSALB Amazon.com Inc. r130.printweek.com 7 days These cookies enable us to allocate server traffic to make the user experience as smooth as possible. A so-called load balancer is used to determine which server currently has the best availability. The information generated cannot identify you as an individual. __cf_bm Cloudflare Inc. .vimeo.com 30 minutes This cookie is used to distinguish between humans and bots. This is beneficial for the website, in order to make valid reports on the use of their website. Performance cookies are used to see how visitors use the website, eg. analytics cookies. Those cookies cannot be used to directly identify a certain visitor. Cookie report Name Provider / Domain Expiration Description _ga Google LLC .printweek.com 1 year 1 month This cookie name is associated with Google Universal Analytics - which is a significant update to Google's more commonly used analytics service. This cookie is used to distinguish unique users by assigning a randomly generated number as a client identifier. It is included in each page request in a site and used to calculate visitor, session and campaign data for the sites analytics reports. _ga_EQYQBP8TMW .printweek.com 1 year 1 month This cookie is used by Google Analytics to persist session state. _gid Google LLC .printweek.com 1 day This cookie is set by Google Analytics. It stores and update a unique value for each page visited and is used to count and track pageviews. _gat_UA-17229687-38 .printweek.com 53 seconds This is a pattern type cookie set by Google Analytics, where the pattern element on the name contains the unique identity number of the account or website it relates to. It is a variation of the _gat cookie which is used to limit the amount of data recorded by Google on high traffic volume websites. Targeting cookies are used to identify visitors between different websites, eg. content partners, banner networks. Those cookies may be used by companies to build a profile of visitor interests or show relevant ads on other websites. Cookie report Name Provider / Domain Expiration Description YSC Google LLC .youtube.com Session This cookie is set by YouTube to track views of embedded videos. VISITOR_INFO1_LIVE Google LLC .youtube.com 6 months This cookie is set by Youtube to keep track of user preferences for Youtube videos embedded in sites;it can also determine whether the website visitor is using the new or old version of the Youtube interface. IDE Google LLC .doubleclick.net 1 year This cookie is set by Doubleclick and carries out information about how the end user uses the website and any advertising that the end user may have seen before visiting the said website. __gads Google LLC .printweek.com 1 year This cookie is associated with the DoubleClick for Publishers service from Google. Its purpose is to do with the showing of adverts on the site, for which the owner may earn some revenue. _gcl_au Google LLC .printweek.com 3 months Used by Google AdSense for experimenting with advertisement efficiency across websites using their services Functionality cookies are used to remember visitor information on the website, eg. language, timezone, enhanced content. Cookie report Name Provider / Domain Expiration Description vuid Vimeo.com Inc. .vimeo.com 1 year 1 month These cookies are used by the Vimeo video player on websites. Unclassified cookies are cookies that do not belong to any other category or are in the process of categorization. Cookie report Name Provider / Domain Expiration Description BCSessionID r130.printweek.com 1 year 1 month BCSessionID www.printweek.com Session __gpi .printweek.com 1 year ph_phc_Y9t2QDTjCwpHL7ifE8XutkzpcG9KUzzz93gqXRJA1VX_posthog .printweek.com 12 months 4 days BCSessionID markallengroup.blueconic.net 1 year Cookies are small text files that are placed on your computer by websites that you visit. Websites use cookies to help users navigate efficiently and perform certain functions. Cookies that are required for the website to operate properly are allowed to be set without your permission. All other cookies need to be approved before they can be set in the browser. You can change your consent to cookie usage at any time on our Privacy Policy page. Cookies consent ID: Cookie report created by CookieScript