To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the effect of late payment by large firms on small businesses and suppliers in the last 12 months.
Answered on
31 January 2017
The Department does not collect data on the effect of late payment by large firms on small businesses and suppliers. Other organisations have made assessments. For example, in December 2016 BACs reported the overall level of late payment debt owed to small and medium businesses standing at £26.3 billion.
Answered by
Department for Business, Energy and Industrial Strategy