Glenigan is reportng that UK contractors’ order books reached a record high of £59.4billion in August 2013, according to the figures from accountants Grant Thornton. However in September the index fell back to £57.3billion due to a restatement of Balfour Beatty’s order book.
Government revenues from stamp duty, VAT and income and capital gains taxes were all higher than a year ago. A 46% jump in stamp duty revenues reflects the upturn in housing market activity. VAT receipts rose by 6.4% as consumer spending increases, while income and capital gains tax receipts rose by 2.3% compared to October 2012.
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