28-day club

Or a better name, if you can think of one,
could help many small businesses in Birmingham.
It doesn’t have to be 28 days to begin with,
it could be 56 to start off and be
reduced by 7 days each year for, say, 4 years.
This would be better than the current situation.
The scheme would have to be started by the Council
and half a dozen or so large companies like Cadburys,
the top ten if possible.
They would agree to pay all bills by the 56th day
and would encourage other companies
with whom they do business to do the same.
They would try to persuade medium sized companies to join the club,
then later on smaller companies would also be invited to join.
If preference were given to businesses already in this club
it might be an incentive for others to want to join.
Not being in may indicate that you don’t pay your bills on time
and you aren’t someone to do business with.
Those who failed to keep their promise
would have their membership revoked.
A list could be kept at the Council House for members to consult.

I appreciate that the concept is open to suggestion and improvement.