Business: Billing

(asked on 4th July 2023) - View Source

Question to the Department for Business and Trade:

To ask His Majesty's Government what steps they are taking to address late payments made by large businesses to their smaller suppliers.


Answered by
Earl of Minto Portrait
Earl of Minto
Shadow Minister (Defence)
This question was answered on 17th July 2023

Government is tackling the culture of late payments with measures including Payment Practices Reporting, the Small Business Commissioner and Prompt Payment Code.

We are currently undertaking a Payment and Cash Flow review which is examining how Government and others can continue to improve payment culture in the UK and ensure we are supporting small businesses effectively on late payments.

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