Prompt Payment Code – Naming and Shaming

Michael Fallon is trying to breathe new life into the Government Prompt Payment Code (http://news.bis.gov.uk/Press-Releases/Fallon-to-big-businesses-Commit-to-paying-suppliers-on-time-or-be-named-682dd.aspx) by threatening to name and shame those companies not signed up to it (only “27 FTSE 100 companies and 5 FTSE 250 companies are signatories”). Will it work? and What do our Financial brethen think wearing their corporate caps?

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