Lord Cotter
Main Page: Lord Cotter (Liberal Democrat - Life peer)
Wednesday 28th October 2015
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(8 years, 6 months ago)
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Lord Cotter (LD)
As has already been mentioned, there are special problems when it comes to the construction industry. In particular, SMEs in the construction industry have lost £30 million through cash retention so far in 2015. Will the Minister make a strong commitment to look at this issue, which is vital for the survival and growth of small businesses?
Baroness Neville-Rolfe
My Lords, I am happy to look at this issue. We will be discussing it in Committee this afternoon. The Government acknowledge that there are issues here. We have taken steps to improve the situation, but it is not yet right.