blog header image

Posted : 03 Feb 2021 at 07:47:23
Category: News

Share this article

Government payouts to support self-employed and furloughed construction workers soared to nearly £15bn last year.

The unprecedented level of support for construction was revealed in fresh HM Revenue and Customs figures for the end of 2020.

Despite numbers of furloughed workers falling sharply in October, the total amount paid out under the Coronavirus Job Retention Scheme continued to slowly climb to £6.93bn by the end of December.

Furloughing peaked on 14 April with 723,600 staff on the scheme, falling to 130,700 at 31 October.

This figure edged up to reach 169,700 at the end of November. Provisional estimates show that at the end of December the number of construction staff furloughs had risen again to 193,400 as the lockdown began to hit.

Payouts under the Government’s other major support scheme for self-employed construction workers has now exceeded furlough payments.

Across each of the three Self-Employment Income Support Scheme programmes since April, payments to individuals ranged on average from £3100-£3500, representing a total payout of £7.8bn.

Construction has taken the lion’s share of self-employed claims, throwing the spotlight once again on the size of the industry’s CIS workforce.

Construction accounted for a third of all payouts to the self-employed, far ahead of the single-digit percentage taken by other sectors of the UK.

 

Original source https://www.constructionenquirer.com/2021/01/29/construction-covid-19-wage-support-nears-15bn/ 

SIMILAR NEWS

blog header image
NEWS
CONSTRUCTION GROWTH SLOWS AS COSTS “GO THROUGH THE ROOF”

The pace of construction growth slowed in August as buyers reported near record rises in input cost inflation.       The bellwether IHS Markit/CIPS UK Construction PMI Total Activ ...

blog header image
NEWS
SUBCONTRACTORS HIT OUT AT HMRC OVER SLOW VAT REPAYMENTS

Specialist contractors have hit out at HMRC over the time it takes to reclaim VAT payments following a controversial change in the tax regime earlier this year. The “domestic reverse charge&rd ...

blog header image
NEWS
LABOUR COSTS ‘BREAK RECORDS’ AS VACANCIES SOAR

Recruiters have reported “record-breaking” increases in labour costs as new data shows vacancies hitting fresh highs. Between May and July, there were 38,000 vacancies in the construction ...

blog header image
NEWS
TIMBER SHORTAGE DUE TO 'UNPRECEDENTED' POST-LOCKDOWN DEMAND

The price of timber has risen sharply with builders struggling to get supplies, as post-lockdown construction and DIY projects create huge demand. The Timber Trade Federation (TTF) said supplier ...

blog header image
NEWS
UK CONSTRUCTION FACES ‘PERFECT STORM’ AS SUPPLY SHORTAGES LOOM

UK construction is facing a “perfect storm” of growing skills and materials shortages as demand for building reaches record levels driven by home improvements, the housing market and new i ...

blog header image
NEWS
DEMAND FOR CONSTRUCTION WORKERS CLOSE TO 20 YEAR HIGH

The staff shortage in construction is continuing to bite, with 33,000 job vacancies for the period of April to June according to the latest figures from the Office for National Statistics. It is the s ...

business-directory Business Directory
smartbusinessdirectory Payroll Services Business Directory
truebusinessdirectory payroll-services Directory
payroll-services Directory