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Unpaid Accounts(Interest)

Volume 991: debated on Wednesday 29 October 1980

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available date in each standard region of Great Britain.

[pursuant to his reply 27 October 1980, c.140]: The following table gives for each standard region at June 1970 and June 1980 the numbers employed in manufacturing industries and expresses these as percentages of those employed in all industries and services.sultations with representative bodies about the main recommendation in the Law Commission report No. 88 that would require that unpaid accounts should carry interest at bank rate after the expiry of any specified term of credit; and what are his proposals.

I have completed the consultations to which my hon. Friend refers and I am considering the results. I hope that an announcement will be made shortly.