Small Businesses: Late Payments

Lord Campbell-Savours Excerpts

Wednesday 28th October 2015 Lords Chamber

[Baroness Neville-Rolfe]

My Lords, we are trying to focus the work of the Small Business Commissioner when we set him up particularly on complaints from smaller businesses about bigger businesses. The noble Lord rightly says that there can be issues between small businesses in respect of payment. We are debating and looking at that but we plan to focus on the imbalance at the large/small end initially.

[Lord Campbell-Savours (Lab)]

My Lords, what support is the Treasury giving to the idea of placing ISA wrappers around peer-to-peer lending arrangements? They would greatly benefit small businesses.

[Baroness Neville-Rolfe]

My Lords, I look forward to talking to the noble Lord about that idea.