"It most definitely does. Prompt payment in my business experience is 30 days. That is fair and prompt payment. In my book, 90 days is not and should not be considered prompt payment. It is a massively overdue payment allowing one business to make its way in the world at …..." Gordon Banks - View Speech
"The hon. Gentleman says that this Bill will transform the experience of small businesses. Surely he has to admit, coming from a small business background, as I have, that the only way the late payments situation can be transformed is by forcing people to make payments on time, and that …..." Gordon Banks - View Speech
"I think the hon. Gentleman misunderstands the objective, which is not to get the extra forced payment, but to make sure that the original payment is made on time so that the debtor does not have to pay that forced payment...." Gordon Banks - View Speech
"Given the time in the calendar that we are now approaching—November, December, January, February—does my hon. Friend share my experiences of and concerns about what happens to cash flow and cash collection over these months, when for a number of reasons, or rather excuses, cash collection during the winter months, …..." Gordon Banks - View Speech
"Does my hon. Friend share my ambition that new clause 4 does not have to be onerous or deliver any financial problem to the debtor? All the debtor has to do is pay on time, and there is no penalty. It is simple; it puts money back into the economy …..." Gordon Banks - View Speech
"The Minister will recall that I mentioned that in Scotland there are 43 businesses on the prompt payment code register. What will he do to increase that number? If there are 43 businesses on the register, the system is not working...." Gordon Banks - View Speech
"Does my right hon. Friend agree that the UK economy would benefit from an opening up of the US economy, and that the Government should seek to gain access to that marketplace for our small and medium-sized enterprises to provide a stimulus to the UK economy?..." Gordon Banks - View Speech
"I consider this to be a very important issue. I want any new trade agreement between Europe and the United States to have a substantially positive impact on the economy of Britain and, indeed, that of Scotland. I think we can all agree that international trade deals are vital to …..." Gordon Banks - View Speech
"I fundamentally disagree. The Minister without Portfolio will tell the hon. Gentleman where he is wrong in his thinking. There is no doubt that if he speaks to the Scotch whisky industry it will tell him about the benefits of being in a large trading bloc. The Scotch whisky industry …..." Gordon Banks - View Speech