Industry insight No.3: Cash gridlock issues in the construction industry

Construction analysis: Sarah Schütte of Schutte Consulting Limited looks at payment issues in the construction industry, the causes and possible solutions. I am writing this in my hotel room in New York. This morning, I observed a traffic intersection closely. The traffic flowed in fits and starts in accordance with the colours of the lights. Sometimes, someone drove too slowly and got hooted or shouted at to speed up. Sometimes, someone drove through on red and got pulled up by the traffic cop standing nearby. Mostly though, car by car, each person went about their business, letting someone go first if needed to help the traffic flow, and continued towards his or her destination--and so it

The Autumn Statement 2015 for construction lawyers

Construction analysis: With the Chancellor's speech still ringing in our ears, we bring together the most important features of the Autumn Statement 2015 for construction lawyers alongside expert analysis and industry comment. What was relevant in the Autumn Statement for construction lawyers? Autumn Statement 2015: Property issues, LNB News 25/11/2015 132 From 1 April 2016 higher rates of Stamp Duty Land Tax (SDLT) will be charged on purchases of additional residential properties (above £40,000), such as buy to let properties and second homes, the government has announced. The higher rates will be 3 percentage points above the current SDLT rates. The higher rates will not apply to purchases

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