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BBCNEWS BBC News June 4, 2024 10:54:00

The new rules will keep suppliers happy and customers safe, but it s still relying on companies to admit when they ve made mistakes. colletta smith, bbc news. wages in the uk have risen by 6.6% in the three months to february compared with the previous year, according to the latest figures from the office for national statistics. the figure, which excludes bonuses, is higher than most economists were expecting, but rising prices mean earnings are still falling in real terms. 0ur economics correspondent andy verity has been looking at the construction industry, which is being hit by the rising cost of materials and labour. all good? business has been challenging, up and down. it s been consistently inconsistent. one day we re super busy, we can t keep up. the next day we don t have any work on. a year ago, construction companies like this builder ....

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Who wants $14.9m from Scarbro trio: 300 suffer from 2023′s biggest builder failure

Name anything you see happening on a building site and those supplying stuff are on list. ....

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BBCNEWS Breakfast June 4, 2024 05:16:00

For the bank of england to continue raising interest rates. our economics correspondent andy verity has been looking at the construction industry, which is being hit by the rising cost of materials and labour. all good? business has been challenging, up and down. it s been consistently inconsistent. one day we re super busy, we can t keep up. the next day we don t have any work on. a year ago, construction companies like this builder of grand designs style renovations based near heathrow airport was struggling to cope with a surge in demand for new projects as the economy bounced back from the pandemic. there was no lack of work, but profits were squeezed by the rocketing cost of raw materials and a shortage of skilled staff that sent wages soaring. it s difficult to meet the demand, but there s also less money in the jobs because the cost ....

Interest Rates , Andy Verity , Construction Industry , Bank Of England , Up And Down , Construction Companies , Heathrow Airport , Grand Designs , Rocketing Cost ,

BBCNEWS BBC News at One June 4, 2024 12:22:00

The next day we don t have any work on. a year ago, construction companies like this builder of grand design style renovations, based near heathrow airport, were struggling to cope with the surge in demand for new projects as the economy bounced back from the pandemic. there was no lack of work, but profits were squeezed by the rocketing cost of raw materials and the shortage of skilled staff that sent wages soaring. it is difficult to meet demand when there is also less money in the jobs because the cost of labour has risen so much. so we have labourers earning the money which plumbers and carpenters were earning, like, two and a half, three years ago. but everybody wants the job to be cheaper because they have no certainty and the market conditions. so we do not have the money in the job to bring new people on board at the higher wage bracket. it was brexit that first caused the skills shortage that forced labourers wages up. but now that is gradually settling down. with official in ....

Construction Companies , Heathrow Airport , Rocketing Cost , Market Conditions , Interest Rates , Skills Shortage , Wage Bracket ,

BBCNEWS BBC News June 4, 2024 16:31:00

But not fast enough to keep up with price rises. our economics correspondent, andy verity, has more details. all good? business has been challenging, up and down. it has been consistently inconsistent. one day we are super busy, we can t keep up. the next day we don t have any work on. a year ago, construction companies like this builder of grand design style renovations, based near heathrow airport, were struggling to cope with the surge in demand for new projects as the economy bounced back from the pandemic. there was no lack of work, but profits were squeezed by the rocketing cost of raw materials and the shortage of skilled staff that sent wages soaring. it is difficult to meet demand when there is also less money in the jobs because the cost of labour has risen so much. so we have labourers earning the money which plumbers and carpenters were earning, like, two and a half, three years ago. but everybody wants the job to be ....

Andy Verity , Price Rises , Up And Down , Construction Companies , Heathrow Airport , Rocketing Cost ,