To ask His Majesty's Government what steps they are taking to address late payments made by large businesses to their smaller suppliers.
Answered on
17 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.
Answered by
Department for Business and Trade