Construction activity in London understandably has a positive impact on the local economy, but people both inside and outside the industry may not have realised just how important it is to regions quite some distance from the city. A recent report by PricewaterhouseCoopers (PwC) and commissioned by London First found building work in the capital actually triggers a raft of benefits in the north-east of the country. In total, the boost enjoyed by the north-east is worth £12 million a year and includes 280 jobs, reports the Northern Echo. PwC looked at the direct and indirect impact of a variety of developments in London since 2008, as well as those that are due to be finished by 2016. It was discovered that London can have a wide-reaching effect on the UK economy. Baroness Jo Valentine, chief executive of London First, said: "The value of investment in London is huge in terms of generating jobs and economic benefits in London itself, but the knock-on contribution to regional economies is more impressive and shows the boost that London businesses provide to the rest of the UK." It seems that companies handing out construction jobs in London are actually having a hugely positive effect on the nation. For instance, 84 per cent of expenditure on central London office developments was found to remain in the UK. Marcus Robinson, partner at PwC Newcastle, said: "While it is no surprise that London benefits from office development, it is striking that further contribution to the regions is almost double with a significant part going to the north-east." In total, the construction of offices in London creates 34,600 jobs, with 22,400 of these held outside the city itself. This trade also adds some £1.7 billion of gross added value to the UK economy. With this in mind, the creation of construction jobs is not only vital in London, it could also be more important than many people realise to various parts of the UK, including the north-east.
After recent events in the UK political scene, many have forecasted a decline in the economic performance of the UK industry starting in 2017. Are the March figures demonstrating this yet? Anglo studies some of the most reliable industry reports from IHS Markit in an attempt to answer this critical
In celebration of the International Women’s Day, Anglo Technical has decided to make a quick overview of the position of women in the workplace and in engineering, in the UK and worldwide. Over the past few decades, women have proven they are able to engage in lots of activities that
On Thursday 6th of April 2017, new UK Government IR35 legislation finally kicks in for Public Sector LTD company contractors or as HMRC like to call it “Personal Service Company (PSC)” contractors. It has already caused a shift in the amount of LTD company contractors currently