Construction: Billing

Department for Business and Trade written question – answered am ar 23 Gorffennaf 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Laurence Turner Laurence Turner Llafur, Birmingham Northfield

To ask the Secretary of State for Business and Trade, with reference to his Department's consultation entitled Retention payments in the construction industry, published on 24 October 2017, if he will make an assessment of the potential merits of introducing the policies proposed in that consultation.

Photo of Sarah Jones Sarah Jones Minister of State (Department for Energy Security and Net Zero), Minister of State (Department for Business and Trade)

Small businesses are essential to our economic success.

This Government is committed to take action on late payments to ensure small businesses and the self-employed are paid on time. The practice of cash retentions can create problems for contractors in the construction supply chain, due to late and non-payment. Any policy solution must be a sustainable one that works for the industry.

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