Labour’s late payment promise needs more detail to be taken seriously says NFB

November 20, 2019
nottingham city council

The NFB believes that without the necessary detail and industry input, the Labour Party’s commitment to introduce a crackdown on late payment will fall by the wayside. Too many solutions with only limited success have left the industry sceptical.

 

At the CBI’s annual conference, Labour leader Jeremy Corbyn announced that a Labour government would tackle late payments on behalf of small businesses, and reform business rates.

 

NFB Chief Executive, Richard Beresford, commented, “Late payment seriously damages SMEs, who have been paying the price for far too long for the imbalance of power when negotiating contract terms.

 

“We are pleased to hear that a Labour government would address the important issue of poor payers. However, we want to see a manifesto commitment from Labour and all parties, and post-election action, in order to take their words seriously.”

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Estate Agent Talk

Agents face growing stock backlog as slower market leaves more homes unsold

The latest research by GetAgent has revealed that estate agents are facing a growing backlog of unsold homes as the proportion of stock being converted into sales has fallen across almost every region of the market over the last year.   GetAgent analysed current sales turnover rates across the market, measuring the number of homes…
Read More →
what is happening to house prices
Breaking News

Renters’ Rights Act – What landlords should do now

On 1st May 2026, the first raft of measures in the Renters’ Rights Act (RRA) come into force in England. Here are the key changes to be aware of and steps landlords need to take:   Periodic ‘rolling’ tenancies will replace fixed-term tenancies. The common minimum six or 12-month commitments will disappear, and tenants will…
Read More →
Rightmove logo
Breaking News

Renting cheaper than a mortgage for first time since June 2025

The cost of renting a typical home in Great Britain is cheaper than the average monthly mortgage payment for the first time since June 2025 due to higher average mortgage rates The average advertised monthly rent across Great Britain is currently £1,547. This compares to an average new monthly mortgage payment of £1,670 – meaning…
Read More →
Breaking News

As RRA Changes Loom, Thoughts from the Industry

Overview of changes due via RRA as of Friday 1st May Abolish section 21 evictions and move to a simpler tenancy structure where all assured tenancies are periodic – providing more security for tenants. Ensure possession grounds are fair to both tenants and landlords – giving tenants more security, while ensuring landlords can reasonably recover…
Read More →
Letting Agent Talk

Three steps landlords should take to pet-proof properties under new laws

With new pet rental rules set to come into force on the 1st of May, landlords are being urged to act quickly to prepare their properties and policies. The changes come at a time when demand for pet-friendly homes is far outpacing supply, with up to 13 million dogs across the UK but fewer than…
Read More →
Breaking News

Market continues to build momentum

Foxtons Lettings Market Index – March 2026 Market continues to build momentum, recovering from winter slowdown as supply strengthens   Lettings market continues to build momentum as we move further into the spring period. While renter demand remains below last year’s levels, March performance shows continued recovery from the winter slowdown. Market entering critical period…
Read More →