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Legislation & Litigation

CICM welcomes focus on PPC in new Business Secretary’s first speech

By CreditMan Tuesday, May 19, 2015

Philip King, Chief Executive of the Chartered Institute of Credit Management (CICM), has welcomed a speech by the new Business Secretary, Sajid Javid, confirming his support for the Prompt Payment Code, managed on behalf of the Department for Business, Innovation and Skills by the CICM:

“It is encouraging that in his first major speech as Business Secretary he has chosen to single out the Code and highlight the steps being taken to strengthen its powers in the future. It is also pleasing to see that the work of the Institute in shining a light on poor payment practices and scrutinising payment behaviour across the supply chain is being recognised.

“We very much look forward to working with Mr Javid and his team, and continuing our successful relationship in supporting best practice and promoting the importance of credit management in maintaining cashflow and creating sustainable businesses.”