Small Businesses: Payments

(asked on 13th October 2023) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what steps she is taking to ensure that legislation protecting plumbers, builders and carpenters affected by delayed payments from customers is adequate.


Answered by
Kevin Hollinrake Portrait
Kevin Hollinrake
Shadow Secretary of State for Business and Trade
This question was answered on 23rd October 2023

The Government believes that clients who commission work from small firms or individual tradespeople, should pay invoices as swiftly as possible. This ensures that they have the cash flow to enable them to continue to operate. Firms and tradespeople have recourse to the Small Claims Court, in cases where clients persistently refuse to pay. On 2 October, the Government announced new measures to back small businesses and tackle late payments as part of the Prompt Payment and Cash Flow Review, including extending and improving the Reporting on Payment Practices and Performance Regulations 2017. The full review will be published shortly.

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