Business: Billing

(asked on 4th May 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of introducing a 100 per cent Government backed invoice financing programme to help companies manage (a) late payment and (b) non-payment of invoices during the covid-19 pandemic.


Answered by
Kemi Badenoch Portrait
Kemi Badenoch
President of the Board of Trade
This question was answered on 12th May 2020

The government is aware of the importance to company cashflow of reliable invoice payments.

We are taking unprecedented action to support businesses and their cashflow, including business loans and guarantees, paying 80% of furloughed workers’ wages and tax deferrals.

The government keeps all policies under review and is monitoring the impact these measures are having in supporting public services, businesses, and individuals.

Reticulating Splines