Oireachtas Joint and Select Committees
Thursday, 15 May 2014
Select Committee on Jobs, Enterprise and Innovation
Competition and Consumer Protection Bill 2014: Committee Stage
2:30 pm
Peadar Tóibín (Meath West, Sinn Fein) | Oireachtas source
A key element of the engagement between suppliers and buyers is the length of time for which credit is available. There is no doubt in my mind that a key pressure point for a supplier is the issue of terms. We have had the banks and many of the agencies dealing with credit in here and we know that credit flow and the supply of funds and working capital in businesses are a major danger at present, more so now than was ever the case in the deeper times of the recession. Functioning, profitable and healthy businesses are being pushed to the edge due to the fact that they cannot manage their credit. I expect that the Government would favour such an amendment.
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