Early day motion tabled by primary sponsor Ian Pearson (Labour), on Wednesday, 14 May 1997, in the House of Commons. It is signed by 270 members in total.

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LATE PAYMENT

That this House condemns the continued late payment of commercial debts; notes the commitment of the Government set out in Her Majesty's Gracious Speech to introduce a statutory right to interest on late paid commercial debts; notes the negative impact which late payment continues to have on the growth and job creation potential of smaller businesses in particular; recognises the importance of the small firms sector to the United Kingdom economy; notes the strong support for a statutory right to interest amongst a clear majority of business owners; and calls for the implementation of a package of statutory and non-statutory measures including a statutory right to interest at the earliest possible opportunity.

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Secondary information

Type

Early day motion

Reference

19 

Session

1997-98

Subjects

Debts Interest charges Small businesses

Link

View this Early day motion on www.parliament.uk