EU payment rules shake-up will prompt price rises, retailers warn

Contributing sentiments towards policy:

57% : "But the anticipated change comes as inflation trims consumer spending across the EU and businesses adapt to comply with new sustainability and due diligence regulations introduced by Brussels.
56% : "The proposals, which still have to be negotiated with the European parliament and member states, are part of a broader package of support measures for small and medium businesses announced by Paolo Gentiloni, EU economy commissioner, and Thierry Breton, commissioner for the internal market, earlier this month.
52% : It puts the cost somewhere else in the value chain," said Nick Lakin, head of corporate affairs at Kingfisher, which generates more than half its sales in the EU.
49% : Home improvement stores already source at least half of their goods from China, said Alisdair Gray, head of EU affairs at European DIY retail association EDRA.
37% : Late payments disproportionately hit small businesses, with a quarter of all bankruptcies for EU companies caused by invoices not being paid on time, according to the commission.

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