On 9 January, the Private Members’ Bill introduced by Peter Aldous MP, providing for retentions in construction projects to be held in a third party trust scheme, had its first reading in Parliament. The Bill now goes forward to a second reading, on 27 April. James Frith MP has tabled an early day motion, calling, among other things, for legislation on retentions.

The government consultation on retentions closed on 19 January.

See: https://services.parliament.uk/bills/2017-19/ constructionretentiondepositschemes.html and https://www.parliament.uk/edm/2017-19/840