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The shortage of skilled labour is potentially the greatest challenge facing the UK construction industry today. The Construction Industry Training Board estimates that the industry needs to recruit at least 76,000 people each year, with a wide range of skills, in order to keep up with growth in areas such as the house building sector which makes up more than one-third of the UK construction market.

Corporate fraud is big news once again with Parmalat and the claim against the Bank of England arising out of the collapse of BCCI. The "whistle-blowing" legislation (the Public Interest Disclosure Act 1998) provides protection to an employee if he chooses to report an internal fraud and as a result suffers victimisation or loses his job. In the case of dismissal, it is automatically unfair as the legislation confers protection on employees who <I>choose </I>to blow the whistle. However does th

Landlords breathe sigh of relief as Court declares guarantee stripping unfair Landlords will be relieved by a High Court judgment handed down at the beginning of May in the much anticipated Powerhouse case. The Court ruled that a parent company guarantee could not simply be side-stepped by the entering into of a company voluntary arrangement (CVA).

Since the introduction of the Housing Grants Construction and Regeneration Act 1996 (the Act) lawyers have been grappling with the question of how PFI projects are affected by the way the Act operates. There were two particular issues.

Tongues started to wag some months ago when European contractors declined to bid at all for the construction of a significant UK offshore wind farm development on an EPC basis. But the pundits should not have been surprised.

A ruling today by the European Court of Justice (ECJ) in the case Caulfield v Hanson Clay Products Ltd (formerly Marshalls Clay Products Ltd) indicates ‘rolled-up’ holiday pay is unlawful even if it is clear in the contract of employment what proportion or amount of the rolled-up pay is holiday pay. Pinsent Masons is acting for the employer in this case.

The Bank of England is not likely to issue a central digital currency for the UK in the short term, according to the Bank's governor, Mark Carney.

Managing the extra work likely as a result of the UK's departure from the EU is likely to create a "material extra burden" for the UK's banking and insurance supervisor, its chief executive has warned MPs.

Plans for transitioning thousands of insurers and regulated financial firms and their staff to a new accountability regime have been published by the UK regulators.

In the last few weeks it has become clear that the Financial Services Authority has a renewed focus on private equity firms, their compliance and anti-money laundering controls. It has found a number of shortcomings in practice and is planning a new round of visits to firms before the year end.

It is in the "mutual interest" of both the UK and EU to incorporate financial services into the terms of a future trade deal once the UK leaves the trading bloc, the UK chancellor of the exchequer has said.

Changes to EU rules on anti-money laundering and counter terrorist financing designed to increase transparency on who really owns companies and trusts have been agreed in principle by the European parliament and the European Council.

In the mid-1930s Mahatma Gandhi in his pursuit of freedom for Indian society, established an ashram in a remote village, in the middle of India called Segaon. Segaon had no electricity but India's political elite would make their way there to talk to Gandhi in the dark about policy.

Firms that offer 'streamlined' advice on a specific or limited range of client needs must still ensure that advice meets the usual suitability standards, the Financial Conduct Authority (FCA) has said.

As part of its programme to modernise competition law, the European Commission has now turned its attentions to Article 82 of the EC Treaty. Article 82 (and its equivalent Chapter II of the Competition Act in the UK) prohibits companies that are in a dominant position from abusing that position.

Stamp duty land tax (SDLT) is still creating issues and planning opportunities for all parties in the Real Estate market. Changes to the regime continue to be made as the Revenue seeks to keep up with the latest SDLT planning.

All businesses active in the EU's payment services market will be subject to complaints-handling duties under plans outlined by the European Banking Authority (EBA).

Banks have been urged to measure the cost of "data quality lapses" after a survey found that most of the institutions are unprepared for dealing with inaccurate, corrupted or falsified data.