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Challenges and opportunities for the construction industry post-Budget

Contributor — Mon, 04 Nov 2024 10:54:29 +0000

Kelly Boorman is national head of construction and partner at RSM UK Given the government’s stated priorities to accelerate housing delivery and drive economic growth, it’s no surprise that last week’s Autumn Budget announced further plans to stimulate construction activity and improve social housing provision.…

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Could the Budget signal a rebuilding of the construction industry?

Contributor — Fri, 01 Nov 2024 12:23:59 +0000

Parm Bhangal is managing director of Bhangals Construction Consultants and My Build Estimate During and following the pandemic, the construction industry was hit by a perfect storm of factors that it is struggling to bounce back from. In fact, 2024 has seen 4,310 UK construction…

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Are flawed social value measures holding back green progress?

Joshua Stein — Fri, 01 Nov 2024 10:25:09 +0000

Less than 1 per cent of social value created by construction firms comes via carbon reduction measures, figures shared with Construction News indicate. Data from construction software provider Compliance Chain shows that more than 98 per cent of the £6.8bn social value created through its…

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Budget 2024: Laying the foundations for future growth

Contributor — Thu, 31 Oct 2024 12:26:25 +0000

Allan Wilen is economics director at Glenigan The autumn 2024 Budget was hotly anticipated across the entire construction sector, especially as the election of a Labour government in July did not result in the sudden growth spurt some may have hoped for. Indeed, we found…

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Clancy CEO: ‘We’re not focused on growth’

Charlotte Banks — Tue, 29 Oct 2024 12:45:06 +0000

Clancy chief executive Matt Cannon has credited his firm’s focus on client and supplier relationships for its record revenue and profit. “As a private, family-owned business we’re absolutely not focused on top-line revenue growth,” he told Construction News. “We’re focused on delivering for our clients…

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What Labour’s Employment Rights Bill means for the construction industry

Contributor — Tue, 29 Oct 2024 11:26:09 +0000

John Hayes is managing partner of employment and regulatory specialist law firm Constantine Law The Labour Government’s Employment Rights Bill (ERB) was published, as promised, within 100 days of Labour winning power, on 10 October. The ERB, when finished, will amount to the biggest changes…

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Industry demands bold action in Budget

Charlotte Banks — Mon, 28 Oct 2024 12:35:52 +0000

Construction sector insiders are demanding action from chancellor Rachel Reeves when she delivers her first budget this Wednesday (30 October). Reeves has already announced boosts of £550m and £500m for school rebuilding and affordable housing respectively, and she has met finance leaders as part of…

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A mixed bag: the highest-paid executives in construction

Joshua Stein — Mon, 28 Oct 2024 11:22:07 +0000

Construction News’ analysis shows that some executives have seen their pay packages fall while others are celebrating heights never seen before The median pay for a chief executive at a FTSE 100 company reached £4.19m in 2023, the highest level on record, according to the…

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Autumn Statement 2024: Is stability a pipe dream for construction?

Contributor — Fri, 25 Oct 2024 09:09:49 +0000

Gavin Mason is an operations director at multidisciplinary consultancy Pick Everard It’s been a gloomy time for the humble taxpayer in the run-up to this year’s Autumn Statement. Almost every day the chancellor appears to have dipped her toe into the waters to test another…

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Thames City: How Midgard landed a £400m resi scheme

Colin Marrs — Mon, 21 Oct 2024 09:16:12 +0000

Alfred Hitchcock’s penultimate (and most violent) movie, 1972’s Frenzy - captures a lost London. Set largely in Covent Garden, it shows the area – these days a tourist trap – as it had stood for the previous 300 years - a bustling flower and fruit…

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