Bulletin

Housebuilding recovery on shaky foundations as demand exposes shortage of skills

A lack of bricklayers, electricians and plasterers has emerged as one of the biggest obstacles to overcoming Britain's housing shortage. Figures from the construction industry show that the swift recovery in housebuilding has exposed a scarcity of people with the requisite skills. John Tutte, chief executive of housebuilder Redrow, said: 'There is no question that we are facing a skills shortage in the sector. We can't get away from the fact we have an ageing workforce, lack of broad investment in education and vocational training, as well as a cultural hangover.' An estimated 240,000 houses a year need to be built to meet demand according to an estimate by the Town and Country Planning Association, but in the year to September only 117,000 were built.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

 

Other Articles

GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin
GoJumpIn

The sky is seemingly the limit for a company which has got us all jumping with excitement as they secure a Santander funding deal to make…

Bulletin
Food and drink exporting opportunities in the UAE

Richard Cuda, Director - Strategic Banking Alliances, International, Santander UK says UK food and drink manufacturers should seriously…

Bulletin

According to DIT, of the 2.5 million businesses registered in the UK, an estimated 360,000 who have an exportable product or service…

Bulletin

Where Next?