REC responds to new package on late payments

Commenting on the government’s new package of measures to tackle the scourge of late payments, Kate Shoesmith, Deputy Chief Executive, Recruitment and Employment Confederation (REC), said:

“The new government had to act quickly on late payments given its drag on businesses’ cash flow, investment and innovation just when we need the economy to run smoother to drive growth.

“Recruitment is just one of the dynamic sectors hamstrung by late payments, with payment periods for suppliers of agency workers (who were paid that week by the agency) of up to 120 days demanded.

“We hope the promise of reform and consultation will help give employers the greater confidence in the economy they are seeking to move on their hiring and investing intentions.”

Notes to editors

Click here to view all REC press releases and for more information and interview enquiries, contact the REC Press Office on 020 7009 2157, 020 7009 2129 or pressoffice@rec.uk.com. Outside of regular office hours, please call 07702 568 829.

The REC is the voice of the recruitment industry, speaking up for great recruiters. We drive standards and empower recruitment businesses to build better futures for great candidates and themselves. We are champions of an industry which is fundamental to the strength of the UK economy.

Find out more about the Recruitment & Employment Confederation at www.rec.uk.com

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