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United Kingdom · Question · Written question

HL HL14844

Small Businesses: Billing

answeredUnited Kingdom· UK Parliament· EN

Introduced

12 April 2021

Last action

26 April 2021 · Answer

Status

Answered

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Discovery layer

Source updated

26 April 2021

Summary

To ask Her Majesty's Government what assessment they have made of research by Pennyfreedom, published 14 March; and what steps they are taking to ensure that small businesses receive prompt payments of invoices.

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Timeline

  1. 12 April 2021

    Written question

    To ask Her Majesty's Government what assessment they have made of research by Pennyfreedom, published 14 March; and what steps they are taking to ensure that small businesses receive prompt payments of invoices.

    Source: Lords

  2. 26 April 2021

    Answer

    Late payments damage the cashflow of small businesses, which can hold back investment or job creation and, in the worst cases, lead to job losses and business closures.Action to stop the damaging practice of late payments remains a key priority for Govern...

    Source: Written answer

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