Peter Aldous MP is set to introduce a private member’s bill in Parliament on 9 January, to provide for retentions in construction projects to be held in a third party trust scheme.

The government’s own consultation on retention concludes just ten days later, on 19 January, and one of the issues on which it seeks views is the costs and benefits of holding retentions in a deposit scheme or trust account. Mr Aldous’s bill is not expected to become law.