Tackle the curse of late payments but not for landlords?

Tackle the curse of late payments but not for landlords?

10:39 AM, 17th March 2021, About 6 months ago 3

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Liz Barclay, A former BBC broadcaster, has been selected to lead a government campaign to tackle late payments to small businesses.

Barclay told the Times “We need a real culture change around business payments. People who have already delivered goods and services have to be able to turn their attention to their next client and next order rather than chasing up late payments and worrying about their cashflow. I know from personal experience how damaging that can be to mental and emotional health.

“I hope to be able to deliver a payment regime that keeps cash flowing and works for everyone. A basic principle of good business, but far too many firms are failing to honour it and there must be real consequences for those that fail to do so.”

Landlords are, however, conspicuously absent from Mrs Barclay’s words and have had zero help from the government whilst providing the most essential of all services, a roof over people’s heads.

Even worse, they have had the opposite of help, government approval for not paying rent and not facing the risk of eviction.

I also wonder looking forward, when there are finally evictions what does a “new landlord” do when he finds out he is facing a tenant who took advantage of a landlord in the pandemic.

No doubt in this crazy world, he’ll get privacy rights and will be allowed to not mention that, and there will be £ 30k fines on landlords daring to ask or check!

JR



Comments

by Smartermind

11:34 AM, 17th March 2021, About 6 months ago

This initiative is to tackle late payments to small businesses by large businesses not by end customers or private citizens. I understand where you are coming from but your tenants are your end customers, unless you are in a rent-to-rent or corporate tenancy agreement. Presumably this legislation would apply to landlords where they are letting/leasing their properties to larger businesses.

by DGM

11:43 AM, 17th March 2021, About 6 months ago

More lip service from the government.
I have run a business since 1986 and every year I hear they are going to do something about big organisations using small companies like a bank and continual late payments. So over 30 years later, still nothing has actually happened and small business still have to put up with 60-90 payment terms and be grateful. Where is the guaranteed 30 day rule which was supposed to be enshrined in law - never happened.
Yes you have the right to charge interest and Big Co says if you do we have review our suppliers.

by Peter G

12:55 PM, 17th March 2021, About 6 months ago

Reply to the comment left by DGM at 17/03/2021 - 11:43
Small businesses have lots of votes so are encouraged by the PR talk, but the Corporations have the purse strings and pay the Government political party "donations" so the Government never follow through their promises. Sadly predictable.


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