Written Question·Department for Business and Trade·UIN 123314

Business: Billing

Tabled: 24 March 2026

Answered: 26 March 2026

Question

Navendu Mishra

To ask the Secretary of State for Business and Trade, what assessment he has made of the potential impact of proposed changes to late payment policy on (a) small and medium-sized enterprises and (b) larger businesses; and whether he plans to differentiate

Answer

Blair McDougall

On 24 March we published our response to the Late Payments Consultation, outlining legislative measures we will introduce to tackle the scourge of late payments which costs the UK economy £11 billion each year and leads to the closure of 38 businesses eve...

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