The Forum of Private Business (FPB) has put Matalan into its Hall of Shame following the retailer's decision to cut payments to suppliers by 2 per cent.

It is the second time in two years that Matalan has imposed a change in its payment terms. The savings made will be used to fund development overseas and at home, according to the retailer.

The FPB's Hall of Shame features many familiar high street names, including Allders, Selfridges, Alliance Boots and Allders. An FPB spokesman said that the decision to include Matalan had been taken following a tip-off from one of the retailer's suppliers.