Retail group welcomes government moves to tighten up late payment rules
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17th December 2020
A retail organisation is backing moves to strengthen the powers of the Small Business Commissioner (SBC) to claim compensation for late payment of bills.
Stuart Reddish, national president of the NFRN, said: “We welcome the suggestion that the SBC be given teeth to actually enforce the decisions he comes to in issues relating to late payments.
“It is important that small businesses have this kind of support, particularly when dealing with big business, and it is good that the government is moving in this direction.”
Proposals to strengthen the powers of the SBC are now going through a consultation period, which ends on 24 December, for all interested parties to give their views.