Originally written by Anna Jordan on Small Business
Liberal Democrat spokesperson Lorely Burt is almost as seasoned in business as she is in politics.
She co-founded WeConnect, a networking agency for women in business, as well as owning both Ace Creative Enterprises and Kudos Group in the 80s and 90s.
After the 2010 General Election, she went on to hold parliamentary positions in the Department for Business, Innovation and Skills.
Burt tells us what small business policies the Liberal Democrats would enact concerning some of the most troublesome areas facing entrepreneurs right now.
Late payments
Policy proposals:
Companies awarded government contract required to sign up to Prompt Payment Code
Warnings and penalties for violating the code
Amend Public Contract Regulations 2015
We would ensure that anyone who was awarded a government contract of any kind would be required to sign up to the Prompt Payment Code. That’s not enough in itself so we’d make sure that it’s enforced. If someone contravenes the code, they get a warning and then they would be barred from tendering for any government contract for a set time if they violate the code multiple times.
I’m sure the Small Business Commissioner would be absolutely delighted to enforce it, but I haven’t asked him. I