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7th November 2018 Boss Of UKs Biggest Housebuilder Will Step Down Over Anger At His Pay Package
Persimmon CEO Jeff Fairburn is being forced out due to corporate reputational damage of allowing him such a massive pay package.
Jeff Fairburn was the highest paid FTSE 100 chief executive in the financial year ending 2017
Excessive executive corporate pay and remuneration is back in the spotlight. The gap between the pay of the average worker and the CEO is now seen as inequitable.
- Focal Risk Focus Group Review. Should executive pay be brought under control to manage social risks and boost corporate performance?
1st November 2018 UK House Prices Continue To Rise But At Slower Pace
UK house prices rose at 1.6 percent in October down from 2.0 percent in September according to Nationwide. This is the slowest house price growth rate in UK since May 2013 according to Nationwide data.
Nationwide is forecasting UK house prices will rise around 1 percent for whole of 2018.
1st November 2018 House Building Growth Continues
Although UK house price growth continues to slow it has not put off house builders.
British house builders are planning to construct the biggest number of homes in 11 years according to National House Building Council
— Accommodation Man (@AccommodationSt) October 10, 2018
30th August 2018 Suicidal Workers In Construction
Men working in the lowest skilled occupations continue to be more exposed to the highest risk of suicide according to new research.
Figures also show construction workers killed themselves at a rate three times higher than the male average. If you are a male under 50 your risk of suicide increase but if you are under 50 and work in construction it could be fatal.
Construction industry job security low pay and uncontrolled construction skilled immigration could increase the risk of suicide. If construction workers can easily immigrate to the UK it undercuts the wages UK construction workers can charge. If you have less money for anti social construction work it means you have less money to enjoy downtime or lifestyle choices like buying your own home.
10th July 2018 UK Housing Construction Massively Increases In May
Private housing repair and maintenance work increased 7.3 percent in May.
3rd July 2018 UK Construction Industry Continues Mini Rebound In Growth
IHS Markit Purchasing Managers Index PMI reports 3rd month in a row positive growth in June. June saw the UK construction sector have its fastest growth in seven months. New orders rose at fastest pace since May 2017.
5th March 2018 Construction Apprentices To Earn More Than University Graduates in UK
According to Federation of Master Builders FMB research construction apprentices in UK could go on to earn more than university graduates.
If money talks to you, think about average annual earnings in UK right now according to FMB
- Plumbers earn £48675
- Electricians earn £47265
- Bricklayers earn £42034
- Joiners earn £41413
- Painters and decorators earn £34587
University graduates leave uni with debts of around £50,000 but apprentices can earn while they learn on average around 17000 pounds per annum.
The construction industry has a massive skills gap right now and with a lack of infrastructure and homes the future looks positive for people working in construction industry in UK, in terms of career prospects.
23rd January 2018 Skills Shortage In UK Is Biggest Threat To Construction Industry
A shortage of construction workers in UK is biggest threat to small and medium-sized construction businesses. The Federation of Master Builders FMB has reported the construction skills shortage as the worst ever in UK.
Construction companies are particularly short of bricklayers and carpenters but plumbers plasterers and electricians are also in short supply. The lack of supply means that wages are rising for skilled construction workers in UK.
There is a lack of investment in training within the construction industry who have in the past relied on highly skilled low wage foreign workers particularly from eastern European countries to fill the skills gap. The high value of the euro following the Brexit vote in June 2016 means that many skilled construction workers are returning to their home country and leaving a skills void that the construction industry has not acted upon to fill for a sustainable business future.
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