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Major construction projects in the UK “dried up” in the three months to January 2025, as the total value of project starts dropped by 19%

The UK construction sector faces slow growth amid high costs and project delays, though housing and non-residential spending show signs of recovery.

Both the Federal Reserve in the US and the Bank of England have cut key interest rates but have sounded caution over the pace of further reductions.

Major UK housebuilder Vistry has issued its second annual profit warning in a month.

Britain’s construction industry shrank for a second month in a row in October, according to a survey of construction buyers.

Britain’s construction sector shrank at its fastest pace since the start of the Covid pandemic as borrowing costs rose, according to new a survey from the Royal Institution of Chartered Surveyors (RICS).

UK construction is emerging from the Covid pandemic relatively strongly, but is not, as Scott Hazelton of IHS Markit reports, without its challenges