Small and Medium-sized Enterprises: Public Procurement Contracts Debate
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Baroness Warsi
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Small and Medium-sized Enterprises: Public Procurement Contracts
Baroness Warsi Excerpts(4 years, 2 months ago)
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Lord Callanan (Con)
We are completely focused on fulfilling the Government’s manifesto commitment to clamp down on late payments and strengthen the powers of the Small Business Commissioner to support small businesses that are exploited by their larger partners. At the Spring Statement, as the noble Lord will be aware, the Government announced that they will require large companies’ audit committees to review payment practices and report them in their annual accounts.
Baroness Warsi (Con)
My Lords, does my noble friend have details of the financial value of UK companies that are engaged in delivering EU public procurement contracts? In the run-up to the post-Brexit period, are the Government engaged with these firms regarding support because, for many businesses, this may be their main or whole business?