Business: Billing and Disability
The question
To ask the Secretary of State for Business and Trade, what consultation was undertaken before publication of the (a) Fair Payment and (b) Disability Finance Code.
Answered by Gareth Thomas
A new Fair Payment Code which is more credible, enforceable, and ambitious was launched earlier this month to replace the former Prompt Payment Code. This followed feedback from small business stakeholder groups, including Federation of Small Businesses, Enterprise Nation and others.
The Disability Finance Code for Entrepreneurship has been led in partnership with founding signatories: Barclays, HSBC UK, Lloyds Banking Group and NatWest, alongside delivery partners, UK Finance and the British Business Bank. This forms part of the government backed Lilac Review led by Small Business Britain which is examining ways to address barriers facing disabled entrepreneurs.
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