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Written question asked by Lord Harrison (Labour), in the House of Lords. It was due for an answer on Monday, 9 April 2001. It was answered by Lord Sainsbury of Turville (Labour) on Monday, 9 April 2001.


Sainsbury of Turville, Lord

Question
What has been the impact of the Payment of Commercial Debts (Interest) Act 1998; and whether they will adopt the new elements in the European Union Late Payment Directive which enables such firms to charge recovery costs and other incidentals on top of lost interest from those firms and institutions which pay late. [HL 1605].

Secondary information

Type
Written question
Reference
624 c146WA; HL 1605
Session
2000-01
Subjects
Debts Business Billing Administrative delays Interest charges EU action
Legislation
Late Payment of Commercial Debts (Interest) Act 1998