Speech in Lords Chamber - Thu 10 May 2018
Prompt Payment Code
"My Lords, I am very grateful for the opportunity to raise this issue, which is arguably the biggest threat to small and larger businesses’ ability to thrive in the UK today: late payment. I thank the SEC Group, the FSB and the AAT for their extremely useful briefings.
Much has …..."Baroness Burt of Solihull - View Speech
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Speech in Lords Chamber - Thu 10 May 2018
Prompt Payment Code
"I am conscious of the fact that I talked quite a lot about Carillion. I restrained myself from naming and shaming any companies that are currently working still but there are plenty more that could have come under the aegis of this debate...."Baroness Burt of Solihull - View Speech
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Speech in Lords Chamber - Tue 01 May 2018
Enterprise Act 2002 (Share of Supply Test) (Amendment) Order 2018
"My Lords, as the Minister said, the United Kingdom prides itself on having an open economy—open to trade and open to takeover and mergers, in the UK as well as overseas.
However, in some areas, mergers may be open to threats to our national security in the fields referred to …..."Baroness Burt of Solihull - View Speech
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Speech in Lords Chamber - Thu 08 Mar 2018
Brexit: Employment Protection for Women
"My Lords, we have listened with varying degrees of patience to the Government’s assurances that they have no intention of diminishing the rights of women post Brexit. I understand what the Minister says with regard to our current level of provision. Nevertheless, the Government have built a get-out-of-jail—through the back …..."Baroness Burt of Solihull - View Speech
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Written Question
Monday 5th March 2018
Asked by:
Baroness Burt of Solihull (Liberal Democrat - Life peer)
Question
to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government what assessment they have made of the potential economic benefits of introducing reforms of the UK’s corporate insolvency framework.
Answered by Lord Henley
In May 2016 the Government published its Review of the Corporate Insolvency Framework consultation. The consultation contained a package of proposals to improve the rescue opportunities for financially-distressed companies in Great Britain.
A summary of responses to the consultation was published in September 2016.
Following the publication of the summary of responses, the Government has continued to engage with a range of interested parties to further discuss and explore issues raised in responses to the consultation. This further engagement will ensure that any reforms, if necessary, will be fit for purpose and best achieve the Government’s aims of rescuing distressed but viable businesses, therefore preserving both value and jobs.
The Government recognises the importance of the insolvency and restructuring regime to the wider UK economy and the important role it plays in, amongst other things, creating strong conditions for growth and access to credit. The consultation stage impact assessment is available from www.gov.uk.
A full response to the consultation will be published later this year.
Written Question
Monday 5th March 2018
Asked by:
Baroness Burt of Solihull (Liberal Democrat - Life peer)
Question
to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government when they intend to publish a full response to the feedback they received on their Review of the Corporate Insolvency Framework consultation, published in May 2016.
Answered by Lord Henley
In May 2016 the Government published its Review of the Corporate Insolvency Framework consultation. The consultation contained a package of proposals to improve the rescue opportunities for financially-distressed companies in Great Britain.
A summary of responses to the consultation was published in September 2016.
Following the publication of the summary of responses, the Government has continued to engage with a range of interested parties to further discuss and explore issues raised in responses to the consultation. This further engagement will ensure that any reforms, if necessary, will be fit for purpose and best achieve the Government’s aims of rescuing distressed but viable businesses, therefore preserving both value and jobs.
The Government recognises the importance of the insolvency and restructuring regime to the wider UK economy and the important role it plays in, amongst other things, creating strong conditions for growth and access to credit. The consultation stage impact assessment is available from www.gov.uk.
A full response to the consultation will be published later this year.
Speech in Lords Chamber - Wed 21 Feb 2018
Small Businesses: Retention
"Retention has been described by the Federation of Small Businesses as a total scam. Now industry is coming together to abolish retention, to have project bank accounts to manage large procurement projects, and to remove the incentives for late payments and bad cash-flow practices by the Carillions of this world. …..."Baroness Burt of Solihull - View Speech
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Speech in Lords Chamber - Mon 22 Jan 2018
Small Business Commissioner
"My Lords, we have had a good and knowledgeable debate. I, too, congratulate the noble Lord, Lord Mendelsohn, on securing the debate tonight.
Our Small Business Commissioner starts at a difficult time. This debate takes place on the day when Jaguar Land Rover has announced that it will reduce some …..."Baroness Burt of Solihull - View Speech
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Speech in Lords Chamber - Mon 22 Jan 2018
Small Business Commissioner
"I am so sorry. My sincere apologies—I am blushing. The noble Baroness talked about finance and other initiatives, and about female-led businesses. I would add the importance of diverse businesses generally, which look like the communities they serve. I totally agree with her on the importance of getting talent and …..."Baroness Burt of Solihull - View Speech
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Speech in Lords Chamber - Tue 16 Jan 2018
Brexit: Women in the Workplace
"My Lords, I was very glad to hear the Minister say that the Government will not roll back EU rights for women in the workplace. This year the European Commission introduced proposals for a directive on work/life balance for parents and carers, which would provide for four months’ paid non-transferable …..."Baroness Burt of Solihull - View Speech
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