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02 Mar 20201 minute read

MPs debate cash retentions

ECAtoday
MPs debate cash retentions

The use of cash retentions in the construction industry was debated last week by MPs in Parliament, during a session led by SNP MP Alan Brown.

Peter Aldous, who tabled a bill in the previous parliamentary session requesting retentions be held in deposit schemes, also spoke during the debate. Mr. Aldous noted that “to the outside world, nothing [on this issue] has happened since January 2018.”

However, Mr. Aldous championed the role of ECA and BESA, adding: “As a result of the outstanding efforts of the Building Engineering Services Association and the leading electrotechnical and engineering services body ECA, the January 2018 Bill secured the support of more than 80 industry bodies and trade associations, representing over 580,000 businesses and sole traders. It was the largest fair payments campaign ever formed in the UK.”

Responding for the Government, Construction Minister Nadhim Zahawi said “there is a strong case to reform the practice of cash retentions, which is why we committed to review retention payments.”

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