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

 

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Stephen Charles

Tax Partner, Sheffield

sac@hawsons.co.uk