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Following questioning by The Work and Pensions Committee regarding the way pension investments were managed at collapsed construction giant Carillion, The Financial Reporting Council (FRC) has decided to open an investigation under the Audit Enforcement Procedure in relation to KPMG’s audit of their financial statements, covering the years ended 31 December 2014, 2015 and 2016 […]
The traditional method of construction has for a long time, been the accepted norm. A graduated approach, the process of building using the traditional method is steady progress. Foundations are laid, walls are built, roofs are added. And then the interior of the building is created. And finally, before being handed over to the customer, […]
Two-thirds of those running small and medium-sized (SME) construction firms are struggling to hire bricklayers and carpenters as construction skills shortages hit a ‘record high’, according to the Federation of Master Builders (FMB). Key results from the FMB’s latest State of Trade Survey, which is the only quarterly assessment of the UK-wide SME construction sector, […]
A vital independent review into understanding why hundreds of thousands of homes haven’t been built – despite having planning permission – is now underway, according to the Government. Originally announced at Autumn Budget, the review, led by Sir Oliver Letwin will look to explain the gap between the number of planning permissions being granted against […]
Construction behemoth Carillion have given the shock announcement that they are to go into liquidation, putting thousands of jobs at risk. Little is known about the details as yet, but according to the statement talks between the firm, lenders and government failed to reach an adequate solution for saving the second biggest construction company in the UK. The company employs a total […]
Construction experts RICS have expressed concern for some time about the impact of Brexit on construction, particularly as positions harden. Construction and Infrastructure market surveys continue to illustrate the ongoing skills shortage. However, the ‘Preparing for Brexit’ report released this week underlines the potential wider impact on productivity and investment in a post-EU Britain. EU worker […]
This year a range of regulatory updates and government-led initiatives are expected to have an impact on the construction industry, potentially affecting thousands of tradespeople across the UK. 2018 could be instrumental in terms of making – or preparing to make – significant changes for trade professionals and the services they deliver. To help, IronmongeryDirect […]
Government and industry should build upon its pioneering work in digital engineering to improve the performance of UK infrastructure and unlock growth across the country, according to a report from the Institution of Civil Engineers (ICE). Digital Transformation calls on Industry and Government to use the Modern Industrial Strategy to drive the uptake of digital […]
UK construction companies signalled a positive end to the year – led by the fastest rise in new order volumes since January 2016, according to the latest Markit/CIPS UK report. Stronger demand patterns resulted in sustained job creation and a broad-based upturn in business activity during December. However, the construction sector continued to experience intense […]
The average new home in England will have to last 2,000 years if the sluggish rate of house building and replacement continues, the Local Government Association have warned. The country has not built enough homes for decades. As a result, existing homes must house more people and last for much longer, which has led to […]
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