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#1 Posted : 26 March 2020 13:21:57(UTC)
Rank: Forum user

looks like I'm dusting off CV now, construction still open, workers at risk and even if they did close and pay 80% salary, theres no means to pay overheads.  I believe our company pays about £70k per month in overheads, vehicles, loans, rent, phones, etc... not sure they can survive.

#2 Posted : 27 March 2020 08:37:33(UTC)
Rank: Super forum user

Craig, sadly I think small construction related companies will be hard hit in the looming recession. The construction industry always suffers in a recession as customers, domestic and non-domestic, scale back any building work. House sales will be stagnant causing a contraction of home improvement works.

Many of those working in construction are self-employed. Although the government have promised self-employed workers 80% of their earnings, low pay and especially those who do cash-in-hand work will mean they will badly suffer.

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