Construction Industry

Double Dip fears grow as Businesses Rush for Redundancy Advice

Small businesses across Britain could be heading for a double dip recession as a result of the emergency budget after it emerged the numbers seeking to make staff redundant has soared in recent weeks. Despite today’s figures showing growth in GDP over the second quarter of 2010, employment law experts say they have been receiving more requests for advice on redundancies since the emergency budget a month ago than at any other point since early 2009. Peter Mooney of Employment Law Advisory Services (ELAS), said: “We have not seen an explosion in calls for advice on any one issue like this since the peak of the recession 18 months ago.” “We were already becoming quite concerned by the rising number of enquiries we were receiving before the budget, but there has been a signi... »

Construction Industry  Shows Signs of Recovery

Construction Industry Shows Signs of Recovery

The construction industry has shown tentative signs of recovery for the first time in two years, research from the Royal Institute of Chartered Surveyors (RICS) has revealed. In its Construction Market Survey, RICS found that in the first quarter of this year more chartered surveyors saw a rise in work from the construction industry, than those that saw a fall in their workload from this sector. This is the first time since 2008 that more surveyors have seen their work increase rather than decrease. However, the report also highlighted clear regional differences in demand. Surveyors in London and the South East recorded a sharp increase in workloads over the past three months, but those in the North and Scotland continued to see a fall in demand. RICS chief economist, Simon Rubinsohn, said... »

Budget 2007 – Construction Industry

The Chancellor promised a “Budget to expand prosperity and fairness” – he does not appear to have applied this to the construction industry. With the industry feeling the pain of introducing the new construction industry scheme, it could appear that it has been harshly treated by the Chancellor. Attacks on managed service vehicles, which have been widely used by the industry, as well as an increase in aggregates levy and a 166% rise in landfill tax will mean many unhappy taxpayers. Tackling Composites and Managed Service Companies Seven years after imposing PAYE and NIC for personal service companies (PSCs – generally owned and managed by the worker), under the “IR35” rules, parallel and tougher legislation was announced to tackle managed service compani... »