Construction firms slash jobs after biggest-ever cost inflation rise Property Construction businesses cut jobs at a faster pace in March while the month-to-month inflation rise was the largest on record in a survey that has existed for 29 years. S&P Global said the difference in a reading for cost inflation between February and March was the largest it had ever recorded since data collection began [...]
UK construction ‘exits tailspin’ but job losses persist as housebuilding slumps Economics The UK’s struggling construction sector showed signs it was turning a corner at the beginning of the year even as job losses and shrinking order books persisted. The latest construction Purchasing Manager’s Index (PMI) from S&P Global – which serves as a headline index tracking industry activity – edged up to 46.4, up from 40.1 [...]
From Net Zero to Nuclear: the skills gap that could stall UK growth Partner The UK has no shortage of ambition when it comes to infrastructure. From Net Zero commitments and energy security to rail modernisation, water resilience and nuclear new build, the pipeline of nationally significant projects is substantial. Yet beneath the headlines lies a constraint that threatens to undermine delivery across all of them: a critical shortage [...]