UK Lords examine plan for toughest G7 late‑payment regime

The House of Lords has started reviewing the UK government’s proposal. The plan seeks to introduce the strictest late‑payment rules among G7 nations. Legislators will assess the impact on businesses and creditors. The proposal includes tighter penalties for delayed invoices. Supporters argue it will improve cash flow for small firms. Opponents warn it could increase administrative burdens. The scrutiny phase will shape the final legislation. Stakeholders await the Lords’ recommendations before implementation.