Issue date: 9-15 June Correspondent: Stan Mendham Occupation: Chief executive
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Forum of Private Business Subject: Government failure to deal with late payments
i a his introduction to the Government's I
white paper Competitiveness: helping Business to Win John Major boldly declares his aim of creating a climate in which our companies can beat the best. But it's a sad irony that small firms,which comprise 98% of all UK businesses have been left out in the cold by the pmposals. By far the most serious omission is a statutory right to interest on an overdue commercial debt. Our members have called for the right to claim interest...this call is now supported by 305 MPs across the parties. The sad conclusion we must draw from this glossy blueprint for competitiveness is that it will gather dust while small businesses continue to struggle with the realities of unfair competition."