Question

To ask the Secretary of State for Business, Innovation and Skills, what steps he is taking to tackle late payment to small businesses.

We have taken unprecedented step to bring transparency to late payment, and I can tell the House I have written to all signatories to the Prompt Payment Code to set out the new requirements of a 30 day payment term as the norm, with a 60 day maximum. And we have legislated to require 30 day payment terms to be mandated down entire supply chains for public sector work.