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Confederation Comment - 'Aldous' Bill Delayed Again!

 

  

 

'Aldous' Bill Delayed Again!

June 2018

The Confederation has been supporting the ‘Aldous' Bill path through parliament because it is an attempt to protect SMEs’ retentions from spurious deductions and upstream insolvencies. More than £10.5bn of SMEs’ potential working capital is locked up in retentions every year and £7.8bn was unpaid in the last three years, with upstream insolvencies leading to £700m being entirely lost to SMEs in a three-year period.

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