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More than 200 MPs pledge support for the Aldous Bill and action on cash retentions

29 August 2018

Support for the Aldous Bill within Parliament continues to grow, with 207 MPs reported to be supporting the move to protect cash retention payments.

It has also received support from more than 80 industry bodies, including the SEC Group, BESA and ECA, with the campaign gaining more attention in the aftermath of the failure of Carillion.

These organisations represent more than 580,000 businesses and the movement claims it is the largest fair payment campaign in the UK's history.

Most crucially for its successful transition through Parliament, the Aldous Bill has received cross-party support, including 96 Labour and 76 Conservative MPs, in addition to those from SNP, Liberal Democrats, DUP, Plaid Cymru and Green parties.

BESA public affairs and policy manager Alexi Ozioro said he believes more MPs will get behind the bill.

"We have a great opportunity for industry unity and to finally solve a problem that has plagued the industry, economy and SMEs for far too long," he said.

ECA deputy director of business policy and practice Rob Driscoll described the current retention payment system as "extremely unfair to hard-working small and medium-sized businesses".

"Given this unprecedented level support for a pragmatic reform and the Sector Deal's ambition to create sustainable business models, it's time for government to back legislative reform," he said.

The second reading of the Aldous Bill will take place on 26 October, after its first reading was unopposed in January this year.

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