Recent news stories about QBE exiting the construction bonds market has caused a bit of a stir in the bonds market, but the capacity for construction bonds remains strong.
The use and importance of construction trade credits increased during the prolonged financial crisis, where profits and new business opportunities have resulted in poorer cash flow for many.
The construction industry has gone through a prolonged period of unprecedented changes. Devastating events such as the Grenfell fire, the pandemic and, most recently, conflicts in Europe and the Middle East have triggered a lot of change.
Neon Mavromatis, Managing Director of Construction, reflects on issues that have affected the construction industry this year.
Ransomware and extortion attack operations are amongst the most prominent risks facing UK businesses, according to the National Cyber Security Centre (NCSC) – a part of GCHQ – in partnership with the National Crime Agency (NCA).
