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Late Payment

EDM number 1007 in 2003-04, proposed by Brian Cotter on 20/04/2004.

That this House notes with concern the fifth payment performance table recently published by the Federation of Small Businesses which shows that plcs in the UK have made no improvement in the time it takes them to pay their bills over the last four years; recognises that despite the introduction of statutory interest rights, late payment remains a major problem for small businesses, with large businesses owing small firms a net trade debt of around ú20 billion; expresses further concern that the late payment of commercial debt is forcing an estimated 10,000 small firms out of business each year and restricting the cash flow of countless others; recognises that the Government is failing to lead by example given the outstanding ú55 million DEFRA still owes contractors for work carried out during the foot and mouth epidemic, as highlighted by the Forum of Private Business; condemns the fact that around 73 per cent. of companies are failing to meet their legal obligation to file details of their payment records in their annual reports and laments the fact that the DTI is failing to ensure that this legislation is enforced properly; and therefore calls upon the Government to lead by example by settling its own outstanding debts, introducing an annual register to name and shame those plcs that consistently fail to pay their bills on time, introducing a single standard for reporting payment records and imposing tougher penalties on those companies that fail to disclose these details as required by law.

This motion has been signed by a total of 49 MPs, 1 of these signatures have been withdrawn.

Brian Cotter20/04/2004Weston-Super-MareLiberal DemocratProposed
Ken Purchase21/04/2004Wolverhampton North EastLabour/Co-operativeSigned
Mike Hancock21/04/2004Portsmouth SouthLiberal DemocratSigned
Andrew George21/04/2004St IvesLiberal DemocratSigned
Gregory Campbell21/04/2004East LondonderryDUPSigned
Annette Brooke21/04/2004Mid Dorset & North PooleLiberal DemocratSigned
John McDonnell21/04/2004Hayes & HarlingtonLabourSigned
Elfyn Llwyd21/04/2004Meirionnydd Nant ConwyPlaid CymruSigned
Paul Keetch21/04/2004HerefordLiberal DemocratSigned
Paul Holmes21/04/2004ChesterfieldLiberal DemocratSigned
Rudi Vis22/04/2004Finchley & Golders GreenLabourSigned
Paul Tyler22/04/2004North CornwallLiberal DemocratSigned
Simon Thomas22/04/2004CeredigionPlaid CymruSigned
David Taylor22/04/2004North West LeicestershireLabour Co-operativeSigned
Andrew Stunell22/04/2004Hazel GroveLiberal DemocratSigned
Win Griffiths22/04/2004BridgendLabourSigned
Huw Edwards22/04/2004MonmouthLabourSigned
Alan Meale22/04/2004MansfieldLabourSigned
Kevin McNamara22/04/2004Kingston upon Hull NorthLabourSigned
Alice Mahon22/04/2004HalifaxLabourSigned
Piara S Khabra22/04/2004Ealing, SouthallLabourSigned
Lady Hermon22/04/2004North DownUUPSigned
David Heath22/04/2004Somerton & FromeLiberal DemocratSigned
Alan Simpson22/04/2004Nottingham SouthLabourSigned
Vincent Cable22/04/2004TwickenhamLiberal DemocratSigned
Nigel Jones27/04/2004CheltenhamLiberal DemocratSigned
Colin Breed27/04/2004South East CornwallLiberal DemocratSigned
Richard Younger-Ross27/04/2004TeignbridgeLiberal DemocratSigned
Annabelle Ewing28/04/2004PerthScottish National PartySigned
Sandra Gidley29/04/2004RomseyLiberal DemocratSigned
John Austin30/04/2004Erith & ThamesmeadLabourSigned
Jenny Tonge04/05/2004Richmond ParkLiberal DemocratSigned
Tony Colman04/05/2004PutneyLabourSigned
John Barrett04/05/2004Edinburgh WestLiberal DemocratSigned
Adam Price05/05/2004Carmarthen East & DinefwrPlaid CymruSigned
Valerie Davey05/05/2004Bristol WestLabourSigned
Bill Etherington05/05/2004Sunderland NorthLabourSigned
Roy Beggs05/05/2004East AntrimUUPSigned
Adrian Bailey10/05/2004West Bromwich WestLabour Co-operativeSigned
Matthew Taylor10/05/2004Truro & St AustellLiberal DemocratSigned
Patsy Calton11/05/2004CheadleLiberal DemocratSigned
Andy Reed13/05/2004LoughboroughLabour Co-operativeSigned
Robert Smith17/05/2004West Aberdeenshire & KincardineLiberal DemocratSigned
Tony McWalter17/05/2004Hemel HempsteadLabour Co-operativeSigned
Matthew Green19/05/2004LudlowLiberal DemocratSigned
Michael Moore24/05/2004Tweeddale, Ettrick & LauderdaleLiberal DemocratSigned
Diane Abbott25/05/2004Hackney North & Stoke NewingtonLabourSigned
Paul Marsden26/05/2004Shrewsbury & AtchamLiberal DemocratSigned
Terry DavisUnknownWithdrawn

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