Mar 13, 2020
Coronavirus: Morrisons to pay small suppliers immediately
Supermarket chain Morrisons is to pay its small suppliers immediately to help keep them afloat amid coronavirus uncertainty. Small firms supply Morrisons with thousands of its products. For the smallest suppliers, with an annual turnover of £100,000 or less, the normal Morrisons payment period is 14 days. Mike Cherry, the national chairman of the Federation of Small Businesses, said firms "Trying to cope in the face of the Coronavirus outbreak need all the help they can get". The Morrisons move comes after Budget announcements designed to help small businesses and the UK economy.
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