Business: Billing
Commons · Question 123314 · Tabled 24 Mar 2026 · Department for Business and Trade · Official record
Answered 26 Mar 2026
Question
Asked by Navendu Mishra
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of proposed changes to late payment policy on (a) small and medium-sized enterprises and (b) larger businesses; and whether he plans to differentiate
Answer
Answered by Blair McDougall, 26 Mar 2026
On 24 March we published our response to the Late Payments Consultation, outlining legislative measures we will introduce to tackle the scourge of late payments which costs the UK economy £11 billion each year and leads to the closure of 38 businesses eve...