Small Businesses: Billing

Department for Business, Energy and Industrial Strategy written question – answered on 16th March 2018.

Alert me about debates like this

Photo of Bill Esterson Bill Esterson Shadow Minister (Business, Energy and Industrial Strategy), Shadow Minister (International Trade)

To ask the Secretary of State for Business, Energy and Industrial Strategy, what plans he has to require signatories to the Prompt Payment Code to ensure that the payment terms in the code are adopted throughout their supply chains.

Photo of Andrew Griffiths Andrew Griffiths Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

The Government supports the Prompt Payment Code as a voluntary set of best-practice principles. The Prompt Payment Code encourages good practice throughout the supply chain by requesting that lead suppliers encourage adoption of the Code throughout their own supply chains. At the Spring Statement my Rt hon Friend the Chancellor of the Exchequer announced that BEIS will lead on a call for evidence; this will consider evidence to ensure unfair payment practices are eliminated for small business.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.