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11 October 2019

Firms call for swift appointment of new Small Business Commissioner as late payments czar steps down

Responding to the announcement that Paul Uppal has stepped down as Small Business Commissioner, Federation of Small Businesses (FSB) National Chairman Mike Cherry, said:

“We’ve made some genuine progress on the late payments front since the Small Business Commissioner first took office back in 2017. We’ve welcomed his efforts to name and shame larger companies, including Holland and Barrett, Bupa and Zurich, for poor payment practices. He also led efforts to reform the toothless Prompt Payment Code.   

“This is a disappointing development, one that will put the brakes on our efforts to date.      

“The appointment process needs to be efficient and thorough. We lose 50,000 business a year to late payment at a cost of at least £2.5 billion to the economy. We can’t delay further action to tackle this crisis, especially in such an uncertain climate.”