Earnings for freelance tradespeople have recovered to pre-Covid levels, according to the industry’s biggest payer of subcontractors.
Hudson Contract said average weekly pay rose by 1.2 per cent during November to £901, the highest level since February.
The best-performing regions for earnings growth were the North East (up 8.4 per cent), London (up 6.8 per cent) and the South West (up 5.3 per cent).
Ian Anfield, managing director of Hudson, said: “The recovery in earnings for tradespeople is welcome news for households in the lead up to Christmas and the New Year.
“It was business as usual for most construction firms last month as they continued to operate through the lockdown.
“Skilled workers who want to work are working. Others are staying at home and claiming the government’s self-employment income support scheme.
“Most of our clients are reporting a decent amount of activity and have already secured projects for next year.
“The housebuilding sector remains buoyant with support measures due to continue into the first quarter of 2021 and the government is committed to new infrastructure spending.”
Mr Anfield added that demand for labour on building sites has flattened off at 90 per cent of pre-Covid levels.
The recovery in demand which started in the summer “reached the top of the V” in November and is now in a seasonal cycle ahead of the festive period.
Hudson delivers the most accurate indication of subcontractor pay trends across the construction industry, publishing the average pay for a spectrum of 17 different trades split across 10 regions in England and Wales.
It supplies statistics to the Bank of England to keep policymakers updated with real-time insights on demand for skilled labour.
About Hudson Contract:
Hudson Contract, founded in 1996, is the UK’s largest professional workplace audit and Construction Industry Scheme (CIS) contract provider.
The family-owned group provides audit contract and payroll services to more than 2,500 construction SMEs, on whose behalf it processed 1.7m payments last year.
Hudson’s monthly figures offer a valuable insight into pay trends in the £90bn construction industry, which accounts for 6.7 per cent of the UK economy and supports 2.9m jobs.