Departmental Procurement

David Simpson
To ask the Chancellor of the Exchequer what his Department's policy is on requesting discounts from its suppliers in return for swift payment of invoices.

Angela Eagle
The Treasury seeks prompt payment discounts in situations where such a discount will improve the total value for money from the contract; and where the potential saving from such a discount will outweigh the additional contract administration costs necessary to realise the discount.

HM Treasury aim to pay off all valid invoices (including T & S) within 30 days.