Subbies see earnings continue to rise
Posted: Tuesday, September 24th, 2024
According to a provider of business services to the industry, self-employed construction subcontractors enjoyed another rise in earnings last month Hudson Contract revealed that self-employed tradespeople on its books saw their pay rise by 1.2% in August 2024 to an average of £1,028 per week, the second highest on record, The Construction Index reported. However, compared to August 2023, earnings increased by just 1.6% year over year, falling behind the 2.2% consumer price inflation over the same period. Insulation trades saw the strongest growth, with earnings rising 7.3% to £1,218 per week last month. They were followed by bricklayers (up 4.6% to £1,032), demolition workers (up 3.5% to £1,025), and scaffolders (up 2% to £975). Hudson’s pay trends analysis is based on services provided to approximately 2,600 construction SMEs across England and Wales. Managing director Ian Anfield said: “Our latest figures demonstrate the continued demand for the most highly skilled, safe and productive tradespeople in construction – the self-employed subcontractors. Several trades are seeing record earnings even when house-building activity is relatively flat and way below government targets.”
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