News

Asking prices expected to rise 8pc in 2014, pushing average home above £250,000 The average price of a UK home will burst through the 3pc stamp duty threshold next year, putting many homes out of reach for British buyers. Growing consumer confidence, combined with a lack of supply, will push the average asking price up 8pc in 2014, according to the property website, Rightmove. This will drag the standard British home into the £250,000 to £300,000 banding, at which point stamp duty jumps from 1pc to 3pc. According to the residential property portal – which has seen a 21pc uplift in traffic over the past 12 months – the average asking price increased by 5.4pc this year to £241,455. Housing experts have been calling for the Government to lift the 3…

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The National Crime Agency is warning contractors against the growing threat of mandate fraud after companies lost millions during a series of payment swindles. The agency is issuing an “amber alert” to the industry following 34 reports of mandate fraud so far this year in which contractors were conned out of amounts of up to £1m plus. Mandate fraud involves criminals contacting contractors posing as a supplier or subcontractor. They then advise the company that their bank account details have changed in a bid to divert payments into a bogus account leaving the legitimate supplier and conned contractor out of pocket. The agency and the National Fraud Intelligence Bureau said that reports of mandate fraud in the construction industry have increased steadily over the last year. The …

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Roundtable debate highlights key drivers for smart buildings and considers what’s preventing wide scale adoption  10-December 2013 – New environmental building legislation and competition to fill office or retail space are the two key drivers for smart buildings according to delegates that attended a recent roundtable hosted by infrastructure specialists Redstone. Debating the key drivers for smart buildings and the barriers hindering adoption, Redstone was joined by industry experts from engineering consultants Buro Happold and Norman Disney & Young and construction services company ISG. Matt Salter, delivery director, Redstone said: “All commercial properties which are rented out or that are up for sale must have an Energy Performance Certificate (EPC) and this quickly shines a light on whether  the building is efficient or not. “Tenants will seek out …

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In nine days’ time, one man hopes to end half a century of government inertia over how to expand London’s airport capacity When a select group of ministers, reporters and paying passengers boarded a converted Lancaster bomber at Heathrow Airport on January 1, 1946, they knew they were part of a historic event in British aviation. What they didn’t realise was just quite how significant it would prove to be. A large crowd gathered in front of the Avro Lancastrian, codenamed “Star Light”, to hear Britain’s then civil aviation minister, Lord Winster, say a few words before the plane took off for Buenos Aires. But as they settled into the 13-seater British South American Airways aircraft, they could not have imagined that they would be taking off from what …

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Anybody that works in oily, wet, icy or generally slippery conditions will be well aware of the importance of safety, and one of the first things that you will need to do before business can commence is to take measures to protect yourself and everyone around you. The best way to do this is not through protective clothing (which should still be used), but instead to try and stop and slipping from occurring. To do this you will need to look at the flooring, and you will want to have some anti slip flooring put in place everywhere, as this will stop any accidents from occurring. This anti slip flooring will need to be of the highest quality though, as otherwise you will find that the material …

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Last week, the UK’s green plans were dealt a substantial blow when Atlantic Array was shelved. The project was set to provide power for one million homes and would have created thousands of jobs. Npower have pulled the plug on the offshore project as political uncertainty and cynical political point scoring once more threaten to severely hamper green construction investment. Struggling to Meet 2020 Targets Npower’s move is undoubtedly bad news for David Cameron and his government who had previously been banking on wind farms to generate low carbon power. By 2020, the government had expected to generate 15% of its energy through renewable sources, but the cancellation of the npower project calls this target into question. The Renewable Energies Association (REA) believes that npower’s withdrawal is purely down …

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The notoriously congested M25 has undergone a revolution of late. Recently, a new concrete repair technique has been trialled on a stretch of road that saw countless crashes over the past couple of months, and the results are outstanding. The trial, surprisingly, involves a new concrete repair system, and initial testing shows that it is cutting driver delays by around 80%. The joint venture on behalf of a number of companies has seen lane closure fall from 1,500 hours a year to just 300 and has significantly reduced traffic congestion in the area as a direct result. How Does it Work? First used in the aviation industry, rapid cure concrete works has lowered road closure times by limiting the amount of time that it takes for the concrete to …

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The number of active business start-ups in the UK is continuing to rise, thanks primarily to a reduction in the amount that it costs to establish a business venture. Advancements in technology and marketing have removed many of the barriers to entry that facing aspiring entrepreneurs, while also making it cheaper to own and operate a functional business. With this in mind, it is easier for small and individual businesses to protect their physical assets in 2013, from their core commercial office to the storage facilities where product-orientated ventures hold stock. This is critically important, as failing to safeguard your assets is the equivalent of discarding any previous investment that you have made. How to protect your Firm’s Physical Assets So what practical steps can you …

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As an accountant to the trades and trade merchants for a number of years, I’ve seen my fair share of poorly managed finances. Maybe it’s that those working in the trades are too busy toiling away on the ground that there just aren’t enough hours in the day to worry about keeping numbers in order. I’m clearly not ‘in the trade’ but I do understand the industry and know the tight margins that folk have to work with. Or, maybe it’s a case of deferred responsibility. I’ve had a client – or ten – tell me, when I’ve raised a brow at their books, that this was exactly what they were hiring me for. A fair point I guess, but you wouldn’t wait to hire in a …

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The number of active business start-ups in the UK is continuing to rise, thanks primarily to a reduction in the amount that it costs to establish a business venture. Advancements in technology and marketing have removed many of the barriers to entry that facing aspiring entrepreneurs, while also making it cheaper to own and operate a functional business. With this in mind, it is easier for small and individual businesses to protect their physical assets in 2013, from their core commercial office to the storage facilities where product-orientated ventures hold stock. This is critically important, as failing to safeguard your assets is the equivalent of discarding any previous investment that you have made. How to protect your Firm’s Physical Assets So what practical steps can you …

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