Lord Hanson of Flint
Main Page: Lord Hanson of Flint (Labour - Life peer)Department Debates - View all Lord Hanson of Flint's debates with the Department for Education
(9 years, 9 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Matthew Hancock
We are taking unprecedented steps to tackle late payment, including in the Small Business, Enterprise and Employment Bill, which we hope will become an Act today. A change in culture is needed to make 30 days payment terms the norm and 60 days the maximum. We are changing the prompt payment code to reflect that and to say, “If you don’t sign up to that and practise what you preach, you’ll get kicked off the code, so we can change this culture for good.”
Mr David Hanson (Delyn) (Lab)
T8. Over 9,000 people have phoned the RBS telephone helpline on the enterprise finance guarantee scheme. Does the Secretary of State—not the Minister—agree that whoever holds his position after the election should order an urgent investigation into the use of the enterprise finance guarantee scheme by RBS?
Vince Cable
That process is already under way. I have met representatives of RBS to discuss it. They have acknowledged that there are failings in the way in which they operated the scheme, and they have given assurances that anyone who was a recipient of the loan and who has been disadvantaged by the way RBS handled it will receive recompense.