CORPORATE TERMS OF PAYMENT TO SUPPLIERS

Motion Text

That this House decries the behaviour of Boots, Tesco and other large corporate bodies who have improved their own cash flow at the expense of their suppliers by lengthening their terms of payment; notes that this will be ultimately self-defeating because suppliers, who are being squeezed at one end by banks and at the other by customers, will be unable to continue to supply because they will go out of business; and calls on all large companies to exercise great corporate responsibility in these difficult times and to comply with the requirements of companies legislation and publish their terms of business.