Government rejects proposal to mandate project bank accounts on public jobs

By Daniel Gayne2023-06-16T11:20:00

Labour MP’s amendement would have applied to work valued at more than £2m

The government has rejected a proposed amendment to its Procurement Bill, which would have mandated project bank accounts on all jobs valued over £2m.

Labour MP Debbie Abrahams put forward the proposal in the House of Commons on Tuesday, 13 June, explaining that the measure would protect subcontractors’ payments and help prevent insolvencies, which are on the rise in the sector.

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