COVID-19 - 19 June Update
19 June 2020
Posted by: Leanne Sparkes
Since the 23 March, when the UK economy went into lockdown, we have all been affected by the COVID-19 pandemic. The construction industry, was of course, not immune to its effects and has had to bring in new ways of working to respond and in many cases works were shut-down in order to keep people safe.
Here at CABE we have been trying to keep you up-to-date with all the latest guidance as it has been introduced. We, alongside the Construction Industry Council (CIC) and Construction Leadership Council (CLC) have also been working hard making sure that the construction industry’s voice has been heard by government, and has produced guidance including the site operating procedures which has made it clearer on how to work safely on site.
There has also been considerable research undertaken that examines the effects of COVID-19 specifically on the potential economic impact on the construction industry.
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The headline figures show that 32% of staff across the industry were furloughed at the end of May and that the size of the construction workforce is predicted to fall by 9.9% by September this year, with 43% of businesses stating they anticipate making at least some redundancies.
Although these figures are stark, there was some positive action with the Bank of England yesterday announcing that they will be pumping an extra £100bn into the UK economy to help stimulate its recovery and reporting that there is growing evidence that the downturn might be less severe than initially feared.
Whilst the future is unknown, what we do know is that for many of our members the coming months are going to be difficult, and here at CABE we will continue to do our best to keep you informed and support all members during this difficult period.