§ Baroness Byford
asked Her Majesty's Government:
In relation to their proposed scheme to tackle late payments to small companies, after what period of time a penalty will become payable on a late payment.
§ Lord Simon of Highbury
The Government are proposing legislation for a statutory right to claim interest on the late payment of commercial debt. Views on the precise content of the Bill will shortly be 169WA sought in a Green Paper. This should be issued before Parliament rises.