Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Dean Russell Excerpts
Tuesday 15th November 2022

(2 years ago)

Commons Chamber
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Craig Tracey Portrait Craig Tracey (North Warwickshire) (Con)
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7. What steps he is taking with Cabinet colleagues to reduce red tape for small and medium-sized enterprises.

Dean Russell Portrait Dean Russell (Watford) (Con)
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11. What steps he is taking with Cabinet colleagues to reduce red tape for small and medium-sized enterprises.

Giles Watling Portrait Giles Watling (Clacton) (Con)
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12. What steps he is taking with Cabinet colleagues to reduce red tape for small and medium-sized enterprises.

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Andrew Griffith Portrait Andrew Griffith
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I can give my hon. Friend that assurance. As he knows, the Government are committed to effective, efficient and proportionate regulation. He has advocated a number of amendments to that Bill, and I am giving them due consideration.

Dean Russell Portrait Dean Russell
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A common concern for small business people I speak to, in Watford and beyond, is cash flow, which has a heavy impact on organisations, for instance when Governments make late payments. May I ask the Government to ensure that the announcement to be made this week sends the clear message that all Departments and local government bodies follow the prompt payment policy robustly and, whenever possible, encourage businesses to follow the prompt payment code, so that SMEs can be paid quickly and fully and do not suffer in the efforts to make efficiencies and savings?

Andrew Griffith Portrait Andrew Griffith
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I know that my colleagues will join me in paying tribute to my hon. Friend for the time that he spends helping small businesses. As he says, the Government must lead by example on prompt payment. They are committed to paying 90% of valid invoices within five days and 100% within 30 days, which is absolutely right, and the Cabinet Office’s Procurement Bill will ensure that that happens throughout the public sector.