PARLIAMENTARY EARLY DAY MOTION
RIGHT TO STATUTORY INTEREST ON COMMERCIAL DEBT (22 March 1994)
Motion Details
That this House welcomes the publication of the consultation paper Late Payment of Commercial Debt, as announced by the Chancellor of the Exchequer in his Budget statement; notes the negative impact which late payment of commercial debt has on the job creation potential of, in particular, smaller businesses; recognises the importance of the small business sector in generating growth in the United Kingdom economy; and believes that the only effective solution to the problem of late payment of business debts is the implementation of a statutory right to interest on overdue commercial debts.
Sponsored by:
Mr Ken Purchase (Labour)
EDMS Sponsor By Party
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