Banks: Internet Transfers of Cash - Question

Part of the debate – in the House of Lords at 12:07 pm on 9 July 2020.

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Photo of Baroness Penn Baroness Penn Baroness in Waiting (HM Household) (Whip) 12:07, 9 July 2020

The Government are committed to clamping down on late payments. We made a manifesto commitment that we will deliver on to strengthen the powers of the Small Business Commissioner in this regard. Regarding Covid, there is mixed evidence on late payments. We are seeing evidence of good and bad practice from businesses; the Small Business Commissioner is monitoring this very closely.