[Mr Jim Hood in the Chair] — Late Payments (SMEs)

Part of the debate – in Westminster Hall at 9:30 am on 14th September 2011.

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Photo of Gordon Birtwistle Gordon Birtwistle Liberal Democrat, Burnley 9:30 am, 14th September 2011

I congratulate the hon. Lady on securing the debate. Does she agree that the banks, rather than helping small businesses whose cash flow is suffering from late payment, shove the companies down the invoice-factoring route? Invoice factoring is an extra cost for small companies, so the banks make more money out of them without as much risk, and yet they still fail to collect the old money afterwards.