Gleeds Q1 2018 Inflation Report: Housebuilding slips into decline while Carillion collapse creates uncertainty
Carillion's well publicised collapse at the beginning of the year has reportedly left 30,000 sub-contractors out of pocket to the tune of £1.2bn. This, combined with the ongoing trends of government interference and uncertainty surrounding Brexit has mean that the start of 2018 has been a complicated one for the industry.
It's also reported that housebuilding has slipped into decline for the first time in 16 months, meaning development is dropping to the point which separates growth from contraction. However, as announced by Chancellor Philip Hammond in last week's Spring Statement, regions such as the West Midlands and London will begin to receive further housebuilding support.
The latest Gleeds' latest Economic and Regional Inflation Report assesses the Chancellor's Spring Statement, as well as reporting on the fact that the construction industry continues to hold its own, with an activity boom in regional cities across the UK and investment still evident despite continued political uncertainty.
However, it is vital that the industry pays sharp attention to large infrastructure programmes, monitoring circumstances such as the reported fall in workload on the UK's railways for the first time since 2013.
Download the full report here.