Henry Smith – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Henry Smith on 2016-06-14.

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

Anna Soubry

We are implementing a package of measures to support a cultural change to tackle late payment, including the Small Business Commissioner, the duty for large businesses to report on payment practices and support for the voluntary Prompt Payment Code. The Regulations to give effect to the duty to report will be laid for debate early in 2017.