Tradesmen are feeling positive about the year ahead, a new poll by Simply Business has found.
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Over three quarters predict good things
Of the 239 tradesmen polled, 76 per cent said that 2017 would be a good year for trade.
And their optimism isn’t unfounded - despite housing being conspicuously absent from the Spring Budget, construction growth looks set to continue, and the skills shortage in the UK is keeping wages high. The Chancellor also announced that the freeze on fuel duty would continue for the time being.
In other good news, despite the many videos of robot builders appearing on social media, it doesn’t look like tradesmen are going to lose their jobs to machines just yet.
Potential pitfalls for tradesmen in 2017
While high wages and plenty of opportunities for work are serious positives, there are a few uncertainties for tradesmen looming this year. Some 17 per cent of those we polled aren’t convinced that this year will be a good one, while seven per cent definitely think it won’t.
Wednesday’s Spring Budget saw Chancellor Philip Hammond announce that the main rate of Class 4 NICs will be put up from nine per cent to 10 per cent, and though the change won’t come in until next year, the decision has already soured things for many self-employed workers.
Though there have already been rumours that the Chancellor may reverse his decision, it could well be time for tradesmen to put aside savings this year, should their tax bill suddenly jump in 2018.
How are you feeling about the year ahead? Let us know in the comments.