Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what assessment he has made of the implications for his policies of the Federation of Small Business report entitled Time Is Money: The Case for Late Payment Reform, published on 10 March 2023.
We are currently undertaking a Payment and Cash Flow review. The Review will report later in the year and will set out the actions we will take to ensure we have the right approach to support business on payment issues. We are engaging with a range of stakeholders, including the Federation of Small Businesses, as part of this work.