30th November 2016
This month, the highly anticipated Autumn Statement was released, with some positive announcements for the construction industry. The electoral campaign in the USA came to an end with Trump coming into presidency, construction experts question what this will mean for the industry.
The UK construction skills shortage has been highly debated in recent years. In recent news, International engineering enterprise, Laing O’Rourke have urged the government to introduce GCSE and A-level construction as a subject to UK schools. The announcement comes on the back of their recent report which talks about tackling the industry’s skills shortage. Their recommendations also include creating and fostering collaboration between industry and government to deliver improved careers within the construction and engineering field. Read the full report by Laing O’Rourke.
November saw Donald Trump being elected as the 45th president of the United States of America. His campaign brought pledges for economic growth, and much debate around the build of a wall between America and Mexico. The good news for construction is that Mr Trump has been far more receptive to the idea of striking a trade deal with the UK once it leaves the European Union. Given America’s significance to the UK as a trading partner, the Construction industry can only take a positive outlook going forward. More here via UK Construction Online
The highly anticipated Autumn Statement was released this month. Chancellor Philip Hammond announced plans to spend £23bn on housing and research and development between 2017 and 2022. The priority for government in this area is high-value investment on infrastructure and innovation. The Chancellor announced that a significant spend within this investment will be on digital infrastructure. This will include rolling out full-fibre connections as well as research and trials of 5g. More here via The Independent.
This month it was announced in the Autumn statement that significant investment will be put into housing and property. £1.4n is expected to be injected into delivering 40,000 extra affordable homes. An additional £2.3bn will be invested into a housing infrastructure fund to help provide 100,000 new homes in high demand areas. On the back of the announcement, David Orr, Chief executive at the National Housing Federation, said: “The government is absolutely right to see housing infrastructure as critical to improving the nation’s productivity. More here via Construction Manager Magazine.