Tenants beware: Inflation can imapct on your rental deposit New research from sales and lettings firm KIS has revealed the impact of inflation on the value of deposits when they are returned to renters at the end of their tenancy with many renters being left as much as £420 out
©EPA Myanmar has sworn in its first civilian-dominated government for more than 50 years in the latest chapter of an extraordinary story of political and economic change at the heart of Asia. The military-backed transitional administration handed over power on Wednesday to a successor led by Aung San Suu Kyi’s
Brick maker Ibstock has reported healthy pre-tax profits in its first financial results announcement since its October 2015 stock market listing. Statutory revenue was £358.3m and statutory profit before tax was £94.7m in the period from 28th November 2014 to 31st December 2015. Adjusted revenue for the year ended 31st
Date and location Thursday 17 November 2016, Adelphi House, University of Salford, the Crescent, Salford M3 6EN Conference overview Health and Safety is likely to undergo a significant evolution in the wake of the Government publishing their new 2016 Help Great Britain Work Well strategy. There is a new focus
Workers all over the country need to be made aware of the various methods and new implementations of health and safety operations that have been put into place for them. It was reported by the Health and Safety Executive recently that a total of 144 people working on building sites
The result of the EU referendum has tipped the tables with regards to what the future holds for the building industry in terms of growth and stability. Whilst a number of trading and building companies have signed lucrative deals and partnerships to increase their revenue and plans for investment in
A survey is currently being conducted to determine what are the most popular options of food for builders working on sites in and around the country. Whilst this might be an easy answer to determine (sandwiches, duh!) this is not always the case and it is quite evident that the
Tenants beware: Inflation can imapct on your rental deposit New research from sales and lettings firm KIS has revealed the impact of inflation on the value of deposits when they are returned to renters at the end of their tenancy with many renters being left as much as £420 out of pocket by their tenancy deposits – even in the 97% of cases when they are returned to them untouched. According to the research, the cost of living is currently rising at a rate of 1.6% a year in the UK, so a national average tenancy deposit of £1169 will be worth £19 a year less in real terms at the end of a standard two-year tenancy – a loss of £38 to the renter. However, those who rent in the capital are left worst off, with their deposit of £2499 losing £76 in value over the course of a two-year tenancy. With the average person buying their first property at the age of 31 an average renter stands to lose the equivalent of £204 from the value of their deposit before becoming a home owner – rising to £420 in London. Deposits in KIS’ native North East are currently losing £13 of value a year, with renters in the region standing to lose £124 over the course of a decade. The same amount of money invested instead in a saving account at an annual interest rate of 3% meanwhile would have earned an average renter £355 in the same period – £670 in London and £246 in the North East. This would mean a London renter losing out on £1090. Ajay Jagota, anti-deposits campaigner and founder of KIS and Dlighted responded to the figures: “In 97% of cases landlords and letting agents return deposits to their tenants untouched, but inflation means the cash they get handed back isn’t worth the same as the cash they handed over. That might only mean renters losing a few pounds a year – but over the course of the decade the majority of people live in privately-rented housing it all adds up. And when you compare those loses to the money they would have earned by investing that money in a modest savings account they’re left hundreds of pounds worse off – or in the case of Londoners, thousands of pounds worse off. Our estimates are of course a little rough as without a crystal ball we’re working on unlikely premise that rents continuing to rise at their current rate of 3% a year and inflation staying unchanged for the next decade – but the point stands. When more than nine out of ten deposits end up being utterly unnecessary, what is the point of them, especially when they’re costing faultless renters a considerable amount of cash.” Source link
©EPA Myanmar has sworn in its first civilian-dominated government for more than 50 years in the latest chapter of an extraordinary story of political and economic change at the heart of Asia. The military-backed transitional administration handed over power on Wednesday to a successor led by Aung San Suu Kyi’s National League for Democracy, more than a quarter of a century after the Nobel Peace laureate launched her campaign against junta rule. More On this topic IN Asia-Pacific Emotions ran high for some on a day filled with reminders of how far Myanmar has come — and also of the stiff task the NLD faces to work with the still-powerful military to tackle problems ranging from mass poverty to regional insurgency. “In my life, it is a very historic moment,” said Zin Mar Aung, an NLD MP who spent 11 years in jail under the military for her political activism. “It’s the very first step to move forward to be a fully democratic civilian government.” Nevertheless, the army still holds a quarter of the parliament’s seats, a majority on a powerful security committee and crucial ministerial posts. Ms Suu Kyi launched a bittersweet series of ceremonies by arriving for a joint sitting of parliament with Htin Kyaw, the man who has become president because she is constitutionally barred from doing so. Military officers in green uniforms congregated together in their quarter of the chamber’s seating, leaving the rest of the room to the signature orange shirts, headscarves and traditional sarong-like “longyi” favoured by many NLD MPs. The handover ceremony confirmed that Ms Suu Kyi would be taking on no fewer than four departmental portfolios in the new administration — foreign affairs, energy, education and the president’s office. Her aides say this is only a temporary arrangement, rather than what critics say is an autocratic style and a reluctance to delegate. A large turnout of ambassadors highlighted the international backing for the transition, which some in Washington promote as a success story to contrast with post-Arab spring conflict in the Middle East. Since the junta stepped down in 2011, Myanmar has drawn investors from across the world to its resources ranging from hydropower to gems, and its largely untapped consumer market of more than 50m people. The proxy president Mr Htin Kyaw spoke for only a few minutes, outlining NLD priorities such as national reconciliation and constitutional change. He also acknowledged the authority of his party leader, who has openly said she will make all the important decisions herself. You need JavaScript active on your browser in order to see this video. “The new parliament and new government is formed in accord with the policies of the National League for Democracy led by Aung San Suu Kyi,” he said. “I have the obligation to work toward achieving a constitution that has democratic norms and is suitable for the nation.” His remarks signal a likely escalating battle over the constitution’s block on Ms Suu Kyi becoming president because her two sons by her late British husband have foreign passports. The provision can only be changed by a 75 per cent plus one parliamentary supermajority, which is impossible to achieve should the military MPs oppose it as a bloc. Than Aung Soe, an NLD MP, said it was a “priority” to change the constitution. Asked if that was realistic given the military’s continued influence, he laughed. “We will try step by step to reduce the military percentage,” he said. Copyright The Financial Times Limited 2016. You may share using our article tools. Please don’t cut articles from FT.com and redistribute by email or post to the web. Source link
Brick maker Ibstock has reported healthy pre-tax profits in its first financial results announcement since its October 2015 stock market listing. Statutory revenue was £358.3m and statutory profit before tax was £94.7m in the period from 28th November 2014 to 31st December 2015. Adjusted revenue for the year ended 31st December 2015 was £412.8m (2014: £373.2m) and adjusted EBITDA was £107.0m (2014: £65.0m). In February 2015 Ibstock Group, comprising Forticrete, Supreme, Ibstock Brick and Glen-Gery, was sold by CRH to Bain Capital before floating on the London Stock kExchange in October 2015. The UK businesses, which account for 81% of the group (19% is in the USA), saw revenue increase 9.0% to £336m and adjusted EBITDA up 71% to £99.0m. “This improvement in revenue and profitability reflects a strong pricing environment for clay bricks and good pricing for other products,” said chief executive Wayne Sheppard. “Despite the release and reduction of brick stocks held by some housebuilders, total UK industry brick demand continued to exceed reported annual domestic production during the year.” With 19 manufacturing plants Ibstock Brick has the largest brick production capacity in the UK. It also operates 23 active quarries. Ibstock Brick has begun construction of a new stock brick manufacturing plant in Leicestershire that is expected to add approximately 100 million bricks to its annual brick production capacity – a 13% increase. This new plant is expected to be commissioned in the second half of 2017. Ibstock has also invested in a new concrete roof tile line at Forticrete’s Leighton Buzzard facility, which is expected to be commissioned during the second half of 2016. Wayen Sheppard said: “Our major capital investment projects are progressing to plan and we anticipate another year of progress in 2016. The fundamentals supporting our business remain strong.” This article was published on 10 Mar 2016 (last updated on 10 Mar 2016). Source link
Date and location Thursday 17 November 2016, Adelphi House, University of Salford, the Crescent, Salford M3 6EN Conference overview Health and Safety is likely to undergo a significant evolution in the wake of the Government publishing their new 2016 Help Great Britain Work Well strategy. There is a new focus on streamlining health and safety processes, making them smarter rather than simply creating more. Businesses will be required to have broader ownerships of health and safety issues, which is expected to boost productivity, but will also bring a new array of challenges. Join us for the Third Annual: Future of Health and Safety Conference for exclusive insights from industry experts on the following topics: Maintaining the gains made in safety, whilst ensuring health has the same priority. Taking broader ownership of health and safety issues to boost productivity, whilst protecting workers. Joined up action by everyone in the system to help ‘Great Britain Work Well’. Come along for a unique opportunity to engage with cutting edge presentations, quiz business leaders in keynote discussion panels, discover state of the art technologies to help streamline your business, and network with key players in the field. Why attend? Take away expert advice from key professionals who have successfully delivered long-term change Stay abreast of the latest industry thinking, innovations and technologies Gain valuable insights from up to 300 likeminded professionals Engage in networking, interactive discussion and debates Meet with over 20 suppliers committed to helping you improve your productivity and effectiveness What did delegates say about the 2015 conference? “The Conference gave me valuable insights into numerous areas of interest and left me with new areas to explore“, “Some outstanding presentations, interspersed with a great opportunity to network with likeminded people“, “It was a great learning exercise and was the most worthwhile Conference that I have attended in a long time“. Information and booking For full conference information and online booking details visit the Future of Health and Safety Conference 2016 website or email enquiry@onecpd.co.uk. Book on this conference for £199 VAT via booking online or email eleanor@onecpd.co.uk or call 0161 295 0115 to book. Source link
Workers all over the country need to be made aware of the various methods and new implementations of health and safety operations that have been put into place for them. It was reported by the Health and Safety Executive recently that a total of 144 people working on building sites were killed at work between 2015 and 2016. This is a very alarming statistic that betrays the dangers of working companies in this country that do not take into consideration enough the wellbeing of their workers and it is a sign that more and more businesses in the construction industry need to get with the program and put the safety of their workers first. Whilst the number of workmen dying on-site has decreased in the 21st Century from the previous ones in Britain, it is a worrying sign in these times to still see that a considerable number are being reported to have died on site. It is clear, for example, that putting unobtainable targets before the safety of working contractors does result in them having to put their health and safety at risk. With the amount of increased investment and lucrative contractual deals being won every day by companies, more needs to be done to relieve the pressure off workers that can distract them from remaining in a safe working environment. Indeed, every worker in this country ought to have the right to not have to put their very lives at risk in the jobs that they carry out and this is also true for those committing to work in the building design and construction enterprises in this country. The statistics of people dying on building sites is something that needs to be significantly lowered as the years go by and it is hoped that the Health and Safety Executive will have less to report in the future on this particular matter.
The result of the EU referendum has tipped the tables with regards to what the future holds for the building industry in terms of growth and stability. Whilst a number of trading and building companies have signed lucrative deals and partnerships to increase their revenue and plans for investment in the future, a number of members of the building industry have been concerned that the effects of leaving the European Union will have a negative impact on their plans for growth. It is evident that companies around the country will be affected in one way or another through the impact of the referendum result and businesses in the construction industry will need to brace themselves for what to expect in the near future: the unexpected. Whilst it is a good idea for building companies to have an action plan for the frustrating and uncertain years ahead, there will need to be reshuffles among many for what has been a tumultuous past few months in the shoddy world of English politics. Indeed, the fact that the government does not have a plan to pave the way forward and has not yet reassured companies that they are safe and held in high regard by them demonstrates that the future is extremely uncertain and building companies will need to remain vigilant throughout the next few months and keep their eyes and ears open for new developments that are due to take place. Whilst it is easy for enterprises within the industry to ignore the possibilities of what could happen to them and simply assume that there will be no discernible effects, it is absolutely necessary that the members of the construction industry be careful now more than ever before. Similarly, the constant contractual signings that ensure the growth of these building businesses needs to continue and more relationships between companies need to be developed in order to ensure the future of the building industry in this country.
A survey is currently being conducted to determine what are the most popular options of food for builders working on sites in and around the country. Whilst this might be an easy answer to determine (sandwiches, duh!) this is not always the case and it is quite evident that the answer to this perplexing question is not an easy one. Indeed, if it is a sandwich, what kind of filling does it have? What sort of sauce is most favoured by our country’s hard-working men? Being a ketchup and chicken man myself, that is what I would automatically choose to have if I were working on a building site. But I don’t. On the other hand, it is quite clear that there are a range of answers that are available to this question and it will be very interesting to find out what snacks and lunches are favoured as compared with others. Of course, it will also help to determine whether or not eating healthily is on the agenda for workers all around the country. It is also quite clear that the choice of food also varies on the kind of project or contractual deal that is under way. Indeed, one doubts whether cucumber sandwiches would be the right option if one was on a high building site, the temptation to drop it from a high height being incredibly tempting for someone to do. In a similar way, it is also clear that assessing eating habits in any industry is a good idea because it draws awareness to one’s own eating and drinking habits which could also sometimes be called into question. (He said as he reached for another donut, the twentieth of that evening.) It is hoped that the results collected will be of good use and will help us to clarify what it is that most tickles workers’ fancy on building sites dotted all around the expanses of this country.
