According to the latest figures by Hudson Contract, earnings for freelance construction workers increased by 2.5% in November 2019
October payroll records for more than 2,200 construction firms in England and Wales shows a weekly average of £911 for subcontractors.
This is in stark contrast to the 1.7% dip PBC Today reported last month, where freelance construction workers earnings averaged at £889 a week.
October freelance construction workers earnings
Hudson Contract’s regional breakdown reveals the South West was the best-performing region with average earnings increasing by 4.5% to £835 a week during October. The South West has a number of major construction projects including the Hinkley Point C nuclear power station in Somerset and the regeneration of the 19th century Brooks Dye Works in Bristol.
Coming in at second place is the West Midlands, with freelance construction worker earnings rising 3.3% to £981 a week, followed by the East of England, rising 3.2% to £945.
All 10 regions across England and Wales witnessed increases in average freelance construction worker earnings.
Ian Anfield, managing director of Hudson Contract, said: “Companies using Hudson are dynamic SMEs that are run by owner-managers who are in complete control of their businesses.
“Despite indicators showing the entire economy and particularly the construction industry is slowing down, our clients are busy with freelancers earning on average £911 per week.
“We’re not surprised by this as each year construction company’s rush to get projects finished by Christmas; similarly contractors want to get their money in and earn as much as they can before Christmas and the bad weather sets in.
“We’re hoping the slowdown as reported in the latest construction purchasing managers index doesn’t catch up with freelancers in the new year.
“There is no doubt construction needs certainty: a new government could change spending plans or tighten up on planning regulations, which might lead to a slowdown in investment in this country.”