Lord Lea of Crondall
Main Page: Lord Lea of Crondall (Non-affiliated - Life peer)Department Debates - View all Lord Lea of Crondall's debates with the HM Treasury
(9 years, 9 months ago)
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Lord Newby
My Lords, I think that the track record of government departments on paying bills is significantly better than that of the private sector, but we are always keen to improve performance.
Lord Lea of Crondall (Lab)
What steps have the Government taken since the Insurance Bill Special Public Bill Committee to make sure that the insurance industry signs up to its own scheme to deal with the late payment of bills? This is a cause of great concern to many of the people who otherwise would use the British insurance industry.
Lord Newby
My Lords, as the noble Lord knows, the insurance industry has a payment code and we are encouraging all firms in the industry to abide by it.