UK Minister announces interest on post-30 June single farm payments

UK - Defra secretary David Miliband has announced that the Rural Payments Agency will pay interest to those farmers who have not received their single farm payment by 30 June, so long as the fault lies with the RPA.
calendar icon 23 June 2006
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In a statement to the House of Commons on Thursday lunchtime (22 June), Mr Miliband repeated his apologies for the distress caused by SFP delays.

There had been some progress in recent weeks but the situation was far from satisfactory, he said.

“The EU defined payment window for making 2005 SPS payments runs from 1 December until 30 June. Work is continuing to pay as many claims as possible by 30 June.

“However, farming leaders have made representations to me on behalf of any farmers who do not receive the full sum due to them within the payment window. I have therefore authorised the RPA to make interest payments of the London Interbank Offered Rate +1%, calculated from 1 July, in respect of any payments where responsibility for the delay rests with the RPA.

Source: FWi

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