Weekly News Bulletin – 5th January 2018

This week, we kicked off 2018 by sharing Simply Business’ helpful points on what tradespeople need to know in 2018, including important points about the slowing rate of the construction market, London congestion charges and van exemption from an increase in diesel tax. Have you read it yet?

Reuters reported on an industry slow down with reports that the UK factory growth had cooled in December after riding 4-year highs in November. Due to the growth in the rest of 2017, the manufacturing sector is entering into 2018 with a higher than average PMI. This could be a direct result of factors such as a resurgent European economy and Brexit. Let us know if you are expecting to see strong growth in 2018.

With hopes for a prosperous 2018, Construction Enquirer also reported that construction buyers saw the biggest rise in new orders for seven months at the end of 2017 and the highest number of new jobs created since June. We hope that this healthy growth will continue throughout 2018.

Finally, we shared exciting news from the Construction Enquirer that 13 new major schemes are either under construction or are planned in London’s ‘Square Mile’. Due to the surrounding iconic buildings, such as TwentyTwo, the eastern cluster is rising in popularity for the financial sector. With expectations that office space will be needed for up to 100,000 additional city workers within the next 30 years, we’re excited to see the progression in the capital. What do you think?

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UK factory growth cools in December from four-year highs – PMI

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