Announced in the Queen’s speech, ministers are now looking to appoint a Small Business Commissioner. A large part of this role will be to tackle the damaging late payment culture that many large companies have towards smaller companies. It should give small companies somewhere to go to resolve disputes with larger businesses but what we really need is a culture change where larger companies understand the danger they put small businesses in when they enforce their lengthy payment terms on us.
There’s a consultation process going on at the moment to get our views on the proposal to appoint the commissioner and if you’d like to have your say, you can do just that here (link is external):