Lack of funds hits late payers purge as boss claims Prompt Payment Code’s website is ‘cr*p’
- PCC chairman Philip King said Ministers refused to provide sufficient funding
- He said this made it difficult to persuade firms to take its warnings seriously
Efforts to force big companies to pay their suppliers on time are failing because of Government penny-pinching, it was claimed last week.
Philip King, chairman of the official Prompt Payment Code register of businesses that pledge to settle bills within 60 days, said his organisation’s website was ‘cr*p’ because Ministers refused to provide sufficient funding.
He said this made it difficult to persuade companies to take its warnings seriously.
Late payer: Last week, the PPC suspended 17 businesses, including BHP and Persimmon
Last week, the PPC suspended 17 businesses – including BHP, Persimmon and Vodafone – from the register for failing to pay suppliers on time.
King said: ‘The PCC website is frankly pretty cr*p because it was last updated four or five years ago.’
A Government spokesman said: ‘We are steadfast in our commitment to ending the unacceptable culture of late payments.’