Small Businesses: Invoice Payments Debate

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Small Businesses: Invoice Payments

Lord Swinfen Excerpts
Tuesday 26th October 2010

(14 years, 1 month ago)

Lords Chamber
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Baroness Wilcox Portrait Baroness Wilcox
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I do not really think I ought to answer questions that were directed at my noble friend.

Lord Swinfen Portrait Lord Swinfen
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My Lords, is there not a statutory right to charge interest on late payment of invoices, and after what period does this come into effect?

Baroness Wilcox Portrait Baroness Wilcox
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Is there a statutory right? I shall have to come back to that in order to be sure.