questionText: To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of proposed changes to late payment policy on (a) small and medium-sized enterprises and (b) larger businesses; and whether he plans to differentiate between transactions involving SMEs and those conducted solely between larger counterparties when introducing these changes.
answerText: On 24 March we published our response to the Late Payments Consultation, outlining legislative measures we will introduce to tackle the scourge of late payments which costs the UK economy £11 billion each year and leads to the closure of 38 businesses eve...
heading: Business: Billing