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Published: 29/08/2024
As we move into the autumn/Q3 there are certainly reasons to be optimistic. The reduction of the base rate by 0.25% to 5% indicates inflationary pressures are easing and should make the UK more attractive to private investors – an essential ingredient for supporting construction and growth in the economy. Cost inflation has also cooled across the board, compared to where prices have been in the last couple of years, with signs of recovery in the housing sector and output growth expected in the sector from 2025.
These factors, coupled with the ambitious plans of the newly elected government have helped to restore a sense of renewed vigour across the sector. But are we out of the woods yet? Will the reduction in the base rate herald a downward trend in interest rates that the sector so desperately needs? What difference will Labour’s fresh approach to managing major projects through NISTA make on infrastructure and growth?
In our next webinar we analyse the likely impact on construction, over the ensuing months.
Date: 26th September 2024 | 11am
Register below
Last construction outlook webinar (25/06/24)
The poll results
The Q&A
