UK Tradespeople Face Rising Costs and Bureaucratic Hurdles, Study Reveals
A new study reveals that UK tradespeople are struggling with rising costs and bureaucracy, hindering their ability to grow.
UK Tradespeople Struggle Amid Rising Costs
According to a recent study by Checkatrade, tradespeople in the UK, including electricians, plumbers, and decorators, are finding it increasingly difficult to expand their businesses. The survey of 850 industry professionals highlights that escalating costs and bureaucratic obstacles are significant barriers to growth.
Key Challenges Unveiled
Four out of five respondents cited the soaring costs of materials and tools as a primary hurdle. Additionally, the rise in tool theft is adding insult to injury. As if that weren't enough, many tradespeople are also grappling with higher taxes, particularly the increase in National Insurance Contributions.
Government's Role in Supporting Growth
Jambu Palaniappan, the CEO of Checkatrade, emphasized the importance of the trade sector, which employs nearly 900,000 workers. "Our research shows that these professionals are eager to contribute to the government's growth agenda. However, they are facing significant challenges that need to be addressed," he stated. He urged the government to collaborate with the industry to close skill gaps and reduce the burdens that hinder growth.
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