Small Business Index

Baroness Hayter of Kentish Town Excerpts

Monday 18th February 2019 Lords Chamber

[Baroness Vere of Norbiton]

It is the ambition of government that we pay our bills as promptly, or more promptly, than some large companies do. If I can find any more information as to detailed stats, I will write to my noble friend.

[Baroness Hayter of Kentish Town (Lab)]

My Lords, I was particularly worried when the noble Lord, Lord Callanan, said that he only knew about Honda as he walked into the Chamber. We also know that the Government were blindsided by Flybmi. It is really alarming that our Government do not seem to know what is happening in their own industries.

Mike Cherry of the FSB also mentioned part of the reason for the dismay. He asked how, two and a half years from Brexit, politicians could allow a situation whereby small businesses have no idea what environment they will be faced with on Brexit day, in less than 10 weeks’ time. We have already heard about the need to extend Article 50. That is not just so this House can consider the legislation; these companies need certainty in time to do the necessary planning.

[Baroness Vere of Norbiton]

My Lords, obviously, we are in contact with many of the large employers around the country. The news was breaking as we came into the Chamber. We have had discussions with many of the large employers as we go through this Brexit period. On the noble Baroness’s question about Brexit, there is a significant amount of guidance for businesses on GOV.UK around whether there is a no-deal Brexit. Companies can sign up for updates that are sector-specific. We engage regularly with all sorts of businesses. A business readiness forum, which was set up in January, meets every single week. Thirty organisations attend it, including the FSB.