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 potential impact of late payment reform on cash flow for small and medium-sized enterprises.

This Government is determined to tackle late payments. On 31^st July, alongside the Plan for Small Business, we launched a public consultation to seek views on our proposed legislative measures to ensure companies pay their suppliers quickly and on time. These measures include proposals to set strict maximum payment times at 60 days and to provide the Small Business Commissioner with stronger powers to tackle poor payment practices.

As part of the launch of the consultation an impact assessment was published on GOV.UK assessing the impact these measures will have on all businesses across the UK.