UK Parliament / Open data

Local Democracy, Economic Development and Construction Bill [Lords]

I am glad to hear my hon. Friend speaking in this way. Is he also aware that subcontractors often find it difficult to get credit insurance against that eventuality, so they are subject to the market strength exerted by the superior contractor? When the ultimate client goes bust, being subject to pay-when-paid contracts puts them in a very difficult position in what is already a recession. Will my hon. Friend lead on to some policy changes that he might support, perhaps when in government, in order to remedy the situation?
Type
Proceeding contribution
Reference
497 c175 
Session
2008-09
Chamber / Committee
House of Commons chamber
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