Business: Billing
2026-07-22 · Department for Business, Innovation, Science and Trade · HL2755 · Official question
Question
To ask His Majesty's Government, further to the remarks by Lord Leong on 21 July (HL Deb cols 1068-1070), what assessment they have made of whether late payments may be the fault of a third party or a bank; and whether such payments should be subject to s
Answer
The Government has not made a specific assessment of late payments being caused by third parties or a bank, but it does recognise late payments are often accidental and can arise due to issues with systems.The Commercial Payments Bill preserves and streng...