questionText: To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact on GDP of reducing average business-to-business payment times by one day.
answerText: The Department has not made a separate assessment of the GDP impact of reducing average business-to-business payment times by one day. Late payments are estimated to cost the UK economy almost £11 billion each year. The Commercial Payments Bill is designe...
heading: Business: Payments