Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government whether the report they commissioned from Pye Tait Consulting on cash retentions in the construction industry has been submitted by that firm; and if so, when they intend to publish that report, and what action they plan to take in the light of its recommendations.
The Department will be publishing the Pye Tait report, alongside a consultation document on the practice of cash retentions under construction contracts shortly.
The Government will not pre-empt the outcome of the consultation, but will consider the responses to the forthcoming consultation carefully before making decisions about further action in this area.