Name

David Prosser

Bio
David Prosser is a former business editor of The Independent who now writes for a variety of publications, often focusing on small and medium-sized enterprises and entrepreneurship.

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Tesco’s payments promise provides a welcome lead in a damaging scandal

See, it was easy. At a stroke last week, the supermarket group Tesco cut through the nonsense that big businesses spout about paying suppliers. It announced a standardised payments system that from next June will see small suppliers (those who deliver up to £100,000 of products each year) paid within 14 days, and medium-sized suppliers paid five days quicker than the largest companies.