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    CPA sees recession ahead before growth in ‘25

    Construction is expected to fall into recession this year with a 2.2% drop in output before turning to of 2.1% growth in 2025 and further growth of 3.6% in ’26, according to the spring...

    ‘Grey Belt’ plans welcomed to unlock small sites

    Labour Party proposals to introduce five ‘golden rules’ for ‘Grey Belt’ development have been welcomed by the FMB as an important initiative to unlock small sites more homes. Chief Executive Brian Berry said: “The UK...

    Slight upturn ends six-month construction decline

    UK construction companies indicated a renewed increase in total industry activity during March, thereby ending a six-month period of decline, according to the latest S&P Global report. House building and commercial construction activity were both...

    Stricter payment rules for public contracts take effect

    New prompt payment rules that could see slow-paying contractors facing a ban on bidding for public work have now come into force. Companies bidding for large contracts must now show they can pay all invoices...

    New business adds to growing optimism in construction

    UK construction shoed marginal growth last month but the rate of new business growth was the fastest since May 2023 and business optimism improved to reach the highest in over two years, according to...

    ‘Look beyond cities’ FMB tells Gove

    Plans revealed today by housing secretary Michael Gove to release more brownfield sites for housebuilding have gained cautious industry approval but the Federation of Master Builders says they must look beyond just the cities. The...

    Growth forecast soon but not just yet – CPA

    Construction output is forecast to fall by 2.1% this year but will turn around to rise by 2.0% in next year, according to the Winter Forecast published this week by the Construction Products Association. “Private...

    Construction firms on the brink with growing number fighting for survival

    Construction companies have come out worst in a count of businesses facing critical and financial distress, according to the latest Red Flag Alert report from Begbies Traynor. The sector not only tops both the critical...

    RMI growth ‘propping up’ construction amid continuing decline in new work

    Repair, Maintenance and Improvement (RMI) is continuing to show growth offsetting similar negative figures in new work around the industry, according to the latest ONS figures. While RMI put on 2.1% in November and 3.8%...

    Construction downturn easing – S&P

    Construction activity is continuing to decline but at a slower rate than at any other time since the current downturn began, according to the latest S&P Global report. Tim Moore, Economics Director at S&P Global...