Construction report highlights skills gap in the sector 2 March, 2021 SHARE The report reveals 750,000 construction workers due to retire within the next 15 years and only 20% of workers under the age of 30.
A new report warning that skills gaps in the construction industry threaten the UK s 2050 net zero target highlights the importance of training and embracing new methods of construction, says insulation specialist Actis.
It was responding to a report by the Institute for Public Policy Research which calls for leadership from the Government and collective action from industry to upskill and retain the existing workforce and encourage recruitment. Skills for a Green Recovery - A call to action for the UK construction sector points to a skills drain, with 750,000 construction workers due to retire within the next 15 years and only 20% of workers under the age of 30.
Cutting VAT on home repairs could give the economy a £51billion boost, builders have claimed.
The Federation of Master Builders (FMB) and the Royal Institution of Chartered Surveyors (RICS) are calling for a temporary cut from 20 per cent to 5 per cent.
Boost: The FMB and RICS are calling for a temporary cut from 20 per cent to 5 per cent
A five-year cut would increase the UK s economic output by £51billion, and create 345,000 jobs in construction and related sectors, according to analysis commissioned from CBI Economics.
The FMB and RICS concede it would cost the Treasury £2.8billion less in tax receipts.
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