Dr Dan Poulter was today pleased to support neighbouring Suffolk MP, Peter Aldous as he introduced his Ten Minute Rule bill to the House of Commons concerning the ring fencing of cash retentions for Small and Medium Enterprises (SMEs) in the construction industry.
Research commissioned by the Department for Business, Energy & Industrial Strategy (BEIS) revealed that over a 3-year period £7.8bn worth of retentions was outstanding for small businesses. Cash retentions are withheld as security in case a firm fails to return to rectify non-compliant work. However the monies are primarily withheld to bolster the working capital of the party withholding them. Furthermore the practice gives rise to widespread abuse with the monies being withheld for three and more years.
If successul, this Bill would secure and release on time these retentions by way of a deposit scheme.
Here in Suffolk, and across the UK, SMEs are the backbone of our economy and Dr Dan was pleased to work with Mr Aldous to hopefully bring about this change in legislation, which will ensure greater support and protection for small businesses in the construction industry.
The bill passed its first reading stage and will now have its second reading on Friday 27th April 2018.
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Homelessness among Refugees — [Sir Henry Bellingham in the Chair] (17 Jul 2018)
Daniel Poulter: I congratulate the hon. Lady on securing today’s debate. It must have struck all of us in the Chamber that any of the challenges she has outlined that refugees face in beginning to engage with life in the UK—whether it be opening a bank account, getting a national insurance number or accessing appropriate healthcare—would be difficult for a British citizen to do within a...
Written Answers — Department of Health and Social Care: Psychiatry: Consultants (16 Jul 2018)
Daniel Poulter: To ask the Secretary of State for Health and Social Care, how many specialist older adult Consultant Psychiatrists worked in the NHS in England in each year since 2009 (a) in total and (b) as FTE.