NFB asks CITB to cancel 2020 levy
April 7, 2020
The National Federation of Builders (NFB) has today written to the chief executive of the CITB, Sarah Beale, asking that CITB consider cancelling the 2020 levy, to help aid cash-flow in the construction industry.
Commenting in the letter, Richard Beresford, chief executive of the National Federation of Builders (NFB) said:
“It is highly likely that many companies will not survive this crisis and it is therefore our collective duty to do everything possible to protect as many construction businesses as we can. I am grateful for the temporary suspension that the CITB has announced in respect of collection of the 2020 levy but we must now go a step further”.
You May Also Enjoy
Section 21 reform divides landlords and tenants
Five months after Section 21 was abolished, landlords and tenants remain sharply divided over whether the reform was necessary, but both sides agree that good relationships and clear communication have the greatest influence on how secure a renter feels, according to new research from LRG. The Autumn 2026 Lettings Report, based on responses from 405…
Read More 
70% of landlords anticipate rent rise due to Autumn Budget
As landlord exodus threatens rental supply The latest research from LegalforLandlords has found that 70% of UK landlords are considering increasing rents following the Government’s latest property income tax changes, while almost half are considering selling properties or reducing their portfolios, raising concerns about the future availability and affordability of privately rented homes. LegalforLandlords commissioned…
Read More 
Estate agent earnings fails to keep pace with inflation
Estate agency earnings have failed to keep pace with inflation over the last decade, despite more positive growth in recent years, according to the latest industry analysis from eXp UK, highlighting why more agents may be looking towards the self-employed model to maximise their earning potential. eXp UK analysed Office for National Statistics (ONS) data…
Read More 
Southern landlords face up to £22,000 tax hit
Landlords in the South East could pay more than £22,000 extra tax over 25 years, with those in the South West facing more than £19,000 Property income tax hike squeezes a generation that has turned to bricks and mortar to fund retirement Retirees across the South of England who rely on property to supplement their…
Read More 
Corporate landlords cautiously optimistic after first six months of RRA
Impact of Renters’ Rights Act not as bad as feared for professional investors More than four in five (82%) corporate landlords looking to expand Analysis of data from LRG’s Living Markets division reveals that after six months in force, the Renters’ Rights Act is yet to have any significant negative impact on the corporate landlords…
Read More 
Property market has failed to meet expectations
Two-thirds of developers say property market has failed to meet expectations as Autumn Budget fails to boost confidence Jonathan Samuels, CEO of specialist lender, Octane Capital, believes that the Autumn Budget has done little to restore confidence across the UK development sector, with the firm’s latest industry insight revealing that 67% of developers feel property…
Read More