Kings speech

King’s Speech: Small businesses welcome late payment announcement

14th May 2026 Commercial Collections and Recoveries | #featured main #Kings speech

Small businesses have welcomed new legislation aimed at curbing late payments, calling it a historic moment. The King’s Speech introduced measures that empower the Small Business Commissioner to investigate and fine firms that consistently delay payments. The Late Payments Bill enforces a maximum payment term of 60 days and mandates interest for late payments at…

New commitments to improve living standards – Kings speech consumer credit industry reaction

18th July 2024 Consumer Collections | #Kings speech

The new Government’s Bills and priorities have been announced as part of the King’s Speech. The speech announced new legislation to improve rights for people renting privately, alongside commitments to improving living standards, job security and wages across the UK. Commenting on the speech Richard Lane, Chief Client Officer at StepChange, said “It’s encouraging to…

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Kings speech

King’s Speech: Small businesses welcome late payment announcement

New commitments to improve living standards – Kings speech consumer credit industry reaction

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