The Federation of Independent Retailers (NFRN) has welcomed the proposal that the Small Business Commissioner be given more teeth to enforce decisions relating to late payments.
The Office of the Small Business Commissioner (SBC) was launched in December 2017 to ensure fair payment practices for Britain’s small businesses, and support them in resolving their payment disputes with larger businesses and bring about culture change.
This week, the NFRN responded to government consultation regarding proposals to extend the commissioner’s powers.
NFRN National President Stuart Reddish said: “Overall we welcome the suggestion that the SBC be given teeth to actually enforce the decisions he comes to in issues relating to late payments.
“It is important that small businesses have this kind of support, particularly when dealing with big business, and it is good that the government is moving in this direction.”