Clause 52
Regulatory Enforcement and Sanctions Bill [Lords]
9:30 am
Mark Prisk (Shadow Minister, Business, Enterprise and Regulatory Reform; Hertford and Stortford, Conservative)
I do not have a huge objection to the idea of early payment discounts, but the discount should not be so deep that it skews the system, such that many small businesses feel they should just pay up and move on. The danger is that the system would start to become imbalanced. The Minister has indicated previously, however, that businesses would not be at any disadvantage financially should they seek to challenge or make objections. My principal concern is to ensure that if someone wishes to challenge and question what has happened, they are able to do so and are not at any financial disadvantage.