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58029
registered interest false more like this
date less than 2014-06-04more like thismore than 2014-06-04
answering body
Department for Business, Innovation and Skills more like this
answering dept id 26 remove filter
answering dept short name Business, Innovation and Skills more like this
answering dept sort name Business, Innovation and Skills more like this
hansard heading Small Businesses: Billing more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Innovation and Skills, what steps he has taken to speed up payments by public bodies and private concerns to small businesses; and what recent assessment he has made of average payment times. more like this
tabling member constituency East Worthing and Shoreham more like this
tabling member printed
Tim Loughton more like this
uin 199086 remove filter
answer
answer
is ministerial correction false more like this
date of answer less than 2014-06-09more like thismore than 2014-06-09
answer text <p> </p><p>We announced further reforms to public procurement on 30 May to speed up payments by public bodies to small businesses. These include improvements to e-invoicing, procurement processes and greater powers for Ministers to investigate complaints raised by the Cabinet Office's ‘mystery shopper scheme'.</p><p> </p><p> </p><p> </p><p>We have also announced new legislation that will require larger businesses to report on their payment performance and practices. Increasing transparency and driving openness is at the heart of building a more responsible payment culture that UK businesses need to thrive.</p><p> </p><p> </p><p> </p><p>Recent research suggests that UK businesses experience an average 17 day delay to payment of invoices. This is a reduction in the past two years but a figure that is still too high and is holding back investment and growth.</p><p> </p> more like this
answering member constituency West Suffolk more like this
answering member printed Matthew Hancock more like this
question first answered
less than 2014-06-09T16:06:04.9196303Zmore like thismore than 2014-06-09T16:06:04.9196303Z
answering member
4070
label Biography information for Matt Hancock more like this
tabling member
114
label Biography information for Tim Loughton more like this