Part of Treasury – in the House of Commons at on 19 December 2023.
The new 55-day payment rule will apply to only a few hundred companies contracted by the Government, yet microbusinesses, which do not typically have Government contracts, wait on average 68 days for payments. Those businesses make up the majority of small businesses across our country. Why will the Government not back the Micro Business Alliance’s “Pay in 30 days” campaign?