Oral Answers to Questions Debate

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Oral Answers to Questions

Andrew Jones Excerpts
Thursday 15th March 2012

(12 years, 2 months ago)

Commons Chamber
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Lord Willetts Portrait Mr Willetts
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On this occasion, I can confirm that I should be delighted to accept the hon. Gentleman’s invitation. I plan to be at the science festival in Birmingham on Friday, and I look forward to meeting him there. It will be a celebration of the strength and excellence of science in Britain.

Andrew Jones Portrait Andrew Jones (Harrogate and Knaresborough) (Con)
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Small and medium-sized enterprises in Harrogate and Knaresborough have been telling me about the charges they face for late payments. This is a broader, national issue as well. Will the Minister please update the House on what he is doing to tackle the issue?

Mark Prisk Portrait Mr Prisk
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As we have learned, the Labour Government introduced legislation on this, but it is not working. We want to do more. We want to ensure that the Government lead by example, and we are working with business on that. We also need to reflect on the fact that half of all business transactions are entered into without any prepayment agreements. There is therefore a fundamental problem with how business is transacted. I want to look at that, rather than simply reaching for the legislative button at the first opportunity.