(2 years, 1 month ago)
Commons ChamberI 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.
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?
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.
(2 years, 5 months ago)
Commons ChamberEducation is indeed one of the great opportunities, and the lingua franca of English is one of the benefits as we seek to do trade deals not just with our friends in Europe but across the whole world. I am very happy to talk to my colleagues in the Department for Education and between us respond to the hon. Lady.
As we look to the future, does my hon. Friend agree that it goes beyond the EU, as do the opportunities for trade around the world? From my constituency of Watford to the rest of the world, we have the opportunity to build industry and opportunity for everyone.
My hon. Friend is absolutely right. He is a champion of small business in his constituency. That is why it is so important that, as we seek to do trade deals such as the comprehensive and progressive trans-Pacific partnership and those with the Gulf, India, Canada and many more, we have SME chapters and SME preference within them.