Prime Minister to use Construction to Accelerate Economy

Jul 6, 2020
Stephen is one of the firm’s tax partners. He specialises in income tax, capital gains tax, corporation tax, inheritance tax, and stamp duty land tax. He also specialises in advising property and construction businesses.
Construction Accountants

The Prime Minister has announced an immediate £5bn package of capital investment in infrastructure projects. Confirming that the Government is investing in the construction sector to accelerate the economy’s recovery from the coronavirus crisis.  This funding should help create thousands of high-skilled and high-paid jobs.


The Construction Leadership Council (CLC) have said they will update the site-operating procedures after lockdown measures were relaxed by the Government. The Prime Minister announced the new ‘one-metre-plus’ guidance where people are advised to stay 2 metres apart “where possible”. However, if the 2-metre distance cannot be kept other measures including using face coverings and avoiding face-to-face contact should be maintained instead.


The latest version (version 5) of the operating procedures defines the new rule as “two metres, or one metre with risk mitigation where two metres is not viable”.  These mitigations include: “installing screens, making sure people face away from each other, hand-washing facilities, minimising the amount of time spent with people outside your household or bubble, and being outdoors”.


The change in social distancing rules and the £5bn funding into infrastructure projects should help kick-start the construction sector after many construction sites have spent the last few months closed due to coronavirus.


Please see Site Operating Procedures Version 5 here


How can we help


At Hawsons we have a dedicated team of property and construction accountants at our offices in Sheffield, Doncaster, and Northampton. Having an accountant who understands the challenges of this dynamic sector and is able to help you plan for the future is an advantage in a competitive environment. At Hawsons we have a great deal of experience in advising and helping businesses in property and construction and we can assist you as your business grows.

More from our property experts

You can find all of our latest property and construction sector news here.

If you are looking for advice in a particular area, please get in touch with your usual Hawsons contact.

Alternatively, we offer all new clients a free initial meeting to have a discussion about their own personal circumstances – find out more or book your free initial meeting here. We have offices in Sheffield, Doncaster and Northampton.

Free initial meeting

Stephen Charles, Tax Partner

Stephen Charles

Tax Partner, Sheffield