AUDIO NEWS: Increase in NI payments could be too much for small builders and plumber wins £90k
Posted: Wednesday, October 30th, 2024
Small builders and tradespeople may not be able to shoulder the burden of additional business costs delivered in yesterday’s budget. As widely expected, Chancellor of the Exchequer, Rachel Reeves increased employer contributions to National Insurance by an additional 1.2%. There was also a 6.7% increase to the national minimum wage. Speaking ahead of the budget, Brian Berry, CEO of the Federation of Master Builders (FMB), warned that any increase in National Insurance contributions “would hinder small building companies from growing, especially if this is coupled with wage rises”. --- The government has announced plans to invest nearly £6 million to develop heat networks in cities across England. The Department of Energy Security & Net Zero will develop networks in Leeds, Bristol, Stockport, Sheffield and in two areas of London. The pilot scheme will create “tens of thousands” of jobs in engineering, planning, manufacturing and construction. Heat networks connect large buildings, like offices, hospitals or hotels to an off-site, typically unconventional heating source, such as data centres or other industrial facilities. --- A plumber from Norfolk won £90 grand at the weekend with a little help from Robbie Williams and a cast of celebrities. Livvi appeared on Saturday’s episode of The Wheel, where she cleared the last three categories and then went on to successfully answer the final brain teaser. --- To listen to the construction news please click below.
Trending Stories
-
Essex electrician has roundabout signs rejected
A sparkie’s bid to sponsor signs on two roundabouts has been refused by planning chiefs who described them as “clutter”
-
Barbie caused a ‘worldwide’ shortage of pink paint
Barbie needed so much fluorescent pink paint that it caused a worldwide supply shortage for an entire company
-
Builders find body of man murdered in the 1960s and buried in back garden
A woman who bought a South London house was left horrified after builders discovered the body of a man murdered in the 1960s and buried in her garden 14 months after she moved in
-
'Government insulation scheme ruined my home'
A home-owner said his flat has been ruined by black mould caused by a government "green" insulation schem
-
Builder celebrates lottery win by buying his coworkers bacon butties
A builder from Milford Haven who won big on the lottery celebrated his victory by treating all his workmates to a round of bacon rolls
Comments
Add a comment