Small and Medium-sized Enterprises: Late Payments

Lord Campbell-Savours Excerpts

Thursday 19th June 2014 Lords Chamber

[Viscount Younger of Leckie]

We have committed to bring in a number of further reforms to streamline procurement and improve public sector payment practices, including requiring public authorities to accept e-invoices and adopt timely and efficient procurement practices, and giving greater powers to Ministers to investigate complaints raised by the Cabinet Office’s mystery shopper scheme.

[Lord Campbell-Savours (Lab)]

Does the Minister accept that invoice discounters and factoring companies have a major role to play in dealing with this problem? Why do the Government not promote those services more positively?