Philip King takes over as small business commissioner
Credit management expert Philip King is to take over as interim small business commissioner replacing Suzanne Burk, who has been holding the fort since the departure of Paul Uppal. Mr King was chief executive of the Chartered Institute of Credit Management, which was responsible for running the prompt payment code, and he will now be charged with transferring the administration of the code. Kelly Tolhurst, the small business minister, said: "In Philip, small businesses will have a real champion with a proven track record of tackling late payments.” SMEs are owed a total of £23.4bn in overdue bills, an increase of £10.4bn on 2018, according to BACS.