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CONTRACTS, ENGLAND AND WALES
CONTRACTS, NORTHERN IRELAND
22nd June 2002
Laid before Parliament
28th June 2002
Coming into force
7th August 2002
The Secretary of State, having considered the extent to which it may be desirable to set the rate of statutory interest so as to protect suppliers whose financial position makes them particularly vulnerable if their qualifying debts are paid late and deter generally the late payment of qualifying debts, with the consent of the Treasury, in exercise of the power conferred on her by section 6 of the Late Payment of Commercial Debts (Interest) Act 1998(1), and of all other powers enabling her in that behalf, hereby makes the following Order:—
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