Department for Business, Energy and Industrial Strategy written question – answered on 17th May 2022.
To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he has plans to reform the practice of retentions payments in the construction industry.
To ask the Secretary of State for Business, Energy and Industrial Strategy, if he will make an assessment of the scale of the loss of retention monies by construction small and medium sized enterprises since January 2018.
While difficult to measure fully and comprehensively, the Government is aware of this important issue and continues to work with both officials and the Construction Leadership Council to implement a solution.
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