King Charles has outlined the Government's law-making plans for the coming year in a speech to the House of Lords.
The speech gave an outline of 37 bills ministers want to pass in the next parliamentary session, including eight previously introduced to Parliament.
One of the outline bills was the Small Business Protections (Late Payments) Bill, that will introduce mandatory penalty interest for companies that fail to pay suppliers on time
The King’s Speech included, “My Government will also support the economic security of British businesses. Legislation will be introduced to tackle late payments [Small Business Protections (Late Payments) Bill] and to reduce the burden of unnecessary regulation through innovation [Regulating for Growth Bill].”
Date: 17 May