PARLIAMENTARY WRITTEN QUESTION
(10 October 2025)
Question Asked
To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of late payment reform on cash flow for small and medium-sized enterprises.
Asked by:
Mr Joshua Reynolds (Liberal Democrat)
Asked by:
Mr Joshua Reynolds (Liberal Democrat)
Answer
This Government is determined to tackle late payments. On 31st July, alongside the Plan for Small Business, we launched a public consultation to seek views on our proposed legislative measures to ensure companies pay their suppliers quickly and on time. These measures include proposals to set strict maximum payment times at 60 days and to provide the Small Business Commissioner with stronger powers to tackle poor payment practices.
As part of the launch of the consultation an impact assessment was published on GOV.UK assessing the impact these measures will have on all businesses across the UK.
Answered by:
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