Chris Davies
Main Page: Chris Davies (Conservative - Brecon and Radnorshire)Department Debates - View all Chris Davies's debates with the Cabinet Office
(6 years, 10 months ago)
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Caroline Nokes
The hon. Gentleman will have heard my comments about the National Cyber Security Centre. It is really important that we have specialists in place to address what is a very particular and high-tech crime.
Chris Davies (Brecon and Radnorshire) (Con)
T1. If he will make a statement on his departmental responsibilities.
The First Secretary of State and Minister for the Cabinet Office (Damian Green)
In their 2015 manifesto, the Government committed to sign up their major suppliers to the prompt payment code. This voluntary code commits signatories to fair payment terms across all UK transactions. Prompt payment can make a real difference to small businesses, boosting their cash flow and allowing them to invest in growth. Since 2015, we have worked closely with the Government’s strategic suppliers to encourage them to sign up. I am pleased to confirm that all the suppliers we targeted in 2015 have now signed up to the code.
Chris Davies
Does my right hon. Friend agree that transparency is an effective way of changing the culture around prompt payments? What are the Government doing to ensure that businesses that regularly pay their suppliers late can be identified?
Damian Green
My hon. Friend makes a valid point. We recently introduced a new statutory duty for large companies to report on a six-monthly basis on their payment performance and practices. It is important that this protects small and medium-sized enterprises. We encourage businesses to report any instances of poor payment practice in public sector contracts to our mystery shopper service.