Moray’s MP has welcomed steps being taken to protect small businesses locally against the scourge of late payments.
Douglas Ross highlighted the need for legislation to be introduced to stop smaller companies being held to ransom over being paid on time.
Business Minister Kelly Tolhurst recently announced the introduction of a broad package of measures to support them.
Mr Ross said: “I very much welcome the measures being taken by the UK Government. This is something that has been raised with me locally in Moray which I have highlighted at Westminster.
“This announcement from the UK Government recognised that small businesses can be crippled by late payments and have little recourse, other than taking lengthy legal steps to claim their money and seeks to make things easier by increasing responsibility and setting good standards of practice.”
The news was also met with a positive reaction from local organisations, including Forres businessman Alan James, from A J Engineering.
He said:“It is a positive step forward and I’m grateful for the support Douglas has given to this issue, which is one of the issues that the Federation of Small Business has been campaigning for.
“It’s very good news especially making payment practises a board level responsibility and a tough approach to compliance.”
