Billing
Commons · Question 81010 · Tabled 10 Oct 2025 · Department for Business and Trade · Official record
Answered 20 Oct 2025
Question
Asked by Joshua Reynolds
To ask the Secretary of State for Business and Trade, what steps his Department is taking to monitor the effectiveness of late payment reforms.
Answer
Answered by Blair McDougall, 20 Oct 2025
This Government is committed to tackling late payments and will introduce the most significant legislation aimed at tackling late payments in 25 years. Late payments cost the UK economy £11bn per year and close down 38 UK businesses every day.Large busine...