Commercial Debt: Late Payments Debate

Full Debate: Read Full Debate

Lord Foster of Bishop Auckland

Main Page: Lord Foster of Bishop Auckland (Labour - Life peer)

Commercial Debt: Late Payments

Lord Foster of Bishop Auckland Excerpts
Tuesday 2nd February 2016

(8 years, 9 months ago)

Lords Chamber
Read Full debate Read Hansard Text
Lord Foster of Bishop Auckland Portrait Lord Foster of Bishop Auckland (Lab)
- Hansard - -

When will the Government be as tough on companies behaving badly as they are on benefit claimants?

Earl of Courtown Portrait The Earl of Courtown
- Hansard - - - Excerpts

My Lords, we are being tough on companies. The Groceries Code Adjudicator, as I said earlier, has had powers for all investigations since April 2015, when the order went through, and to fine these companies up to 1% of their turnover, which in anybody’s language can be a considerable amount of money.