Consultation on proposals to tackle poor payment practices as part of backing business strategy: The Department for Business has launched a consultation on tackling a range of poor payment related issues in business to business dealings, including late payment, payment terms longer than 60 days, requiring invoices to be disputed within 30 days of issue, mandatory payment of interest, and curbing of retentions in construction contracts. The proposals include strengthened powers for the Small Business Commissioner to conduct investigations and impose financial penalties. The Consultation forms a key part of the governments ‘Backing Your Business’ strategy for small and medium sized businesses, together with licensing reforms.
Responses to the consultation are required by 23rd October. View > View > View > View > UK Hospitality > Association of Convenience stores >
Supreme Court rule on car finance transactions: The Supreme Court has overturned decisions of the Court of Appeal that there was an element of bribery / lack of transparency to the consumer in the relationship between car seller and finance company in consumer motor vehicle purchases, where the finance company paid commission to the motor dealer. The Supreme Court did, however, rule that in the case of a particular transaction its fairness could be explored under the Consumer Credit Act. View >
Competition and Markets Authority set out consumer law guidance on selling goods and services: The CMA has published a compilation of guidance that it has issued on complying with consumer law banning unfair commercial practices, avoiding unfair contract terms, ensuring fair consumer reviews, refunds, marketing and advertising. View >
Acrylamide levels in food in the spotlight: The Food Standards Agency and Food Standards Scotland have launched a call for evidence to ascertain the levels of acrylamide currently present in food and control strategies businesses have in place. Acrylamide, which is a potential carcinogen, is formed when starchy foods (such as potatoes and bread) are cooked at high temperatures (above 120°C). The Agencies are intending to use the data to inform their risk analysis and to determine what further control measures may be appropriate. Responses are required by 30th November. View >