Commercial Debt: Late Payments

Debate between Earl of Courtown and Lord Foster of Bishop Auckland

Tuesday 2nd February 2016 Lords Chamber

[Lord Foster of Bishop Auckland (Lab)]

When will the Government be as tough on companies behaving badly as they are on benefit claimants?

[The Earl of Courtown]

My Lords, we are being tough on companies. The Groceries Code Adjudicator, as I said earlier, has had powers for all investigations since April 2015, when the order went through, and to fine these companies up to 1% of their turnover, which in anybody’s language can be a considerable amount of money.