Government vetoes project bank account proposal

The Government has blocked an attempt to amend the planned Procurement Bill to include mandatory project bank accounts for all jobs valued at over £2m.
Debbie Abrahams, Labour MP for Oldham East and Saddleworth, had tabled a new clause to the Procurement Bill that aimed to enforce the use of PBAs to protect subcontractors’ payments in construction contracts.
In support of her Clause 12 amendment during the reading of the Bill in the House of Commons, she argued using project bank acc