UK construction companies recorded further sharp declines in output and new orders during June. However, both rates of contraction eased from May's six-year records. Cost pressures moderated in June and supply chain disruptions were notably less acute than in April and May.
The government’s ambitions to build 1.5 million homes, upgrade home energy standards, and deliver a £725 billion long-term infrastructure pipeline will depend on a significant expansion to the construction workforce, and stronger employer involvement in training the next generation of workers, according to a new report from the National Audit Office (NAO).
This Net Zero Week, CITB is championing innovative projects funded through its Industry Impact Fund (IIF) that helps equip the construction industry with the skills and knowledge needed to support the UK's transition to net zero.
UK construction firms reported a two-point increase in overall business confidence to 46% in June, according to the latest Business Barometer from Lloyds.
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