“It is positive to see that the Chancellor has pledged to examine ways to help small businesses deal with late payments, which place financial pressure on more than eight out of ten small businesses.”, said Chris Weeks, Director of National Body Repair Association (NBRA) commenting on today’s Spring Statement.
The body repair sector is an industry that has been severely hampered by the practice of late payments. Several NBRA members have been significantly affected by Accident Management Companies (AMC) failure to pay for repair work. This has resulted in severe job losses and even the closure of repairer businesses.
Weeks continued, “This is an issue that the NBRA has been lobbying on for quite some time now and so it is pleasing to see that this issue is being recognised by the Chancellor.”
Notes to Editors:
About the RMI
The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.