2017 Spring Budget – no new major announcements for construction The CPA, in response to the budget, say anyone seeking major announcements are likely to be disappointed, going on to say there were only a handful of announcements relevant to construction. Many of these were carried over from the previous autumn budget, including a £220 million fund […]

Construction to maintain post-referendum momentum, yet fortunes are mixed The Construction Products Association has released their latest construction forecasts, showing that construction output is expected to grow by 0.8% in 2017, 0.7% in 2018 and 2.2% in 2019. Whilst showing that construction will maintain its post-Referendum momentum, these forecasts are also masking considerable variation in […]

Since the EU referendum the economic outlook for the UK in general and for construction specifically has been uncertain. The recent Glenigan Breakfast Briefing, held in London on Tuesday 22nd November, provided the outlook for construction markets going into 2017. Here is my take on the event. Heightened uncertainty & sterling depreciation shocks the economy The […]

The Construction Products Association’s latest construction forecasts gives a mixed picture for construction over the next two years, due to the impacts of the uncertainty following the EU referendum. Construction activity is expected to remain flat in 2017 and 2018; however this hides variation at the sector level, with growth in infrastructure and education offsetting […]

The ONS have released their Construction output in Great Britain: June 2016 & April to June 2016. Output was estimated to have decreased by 0.9% in June 2016 compared to May 2016. Also output was estimated to have decreased by 10.7% in Q2 2016 compared to Q1 2016 due to downward pressure from decreases in […]

The Build UK State of Trade Survey for Q2 2016, shows a positive but stabilising picture of prospects for contractors, with 46% operating at over 90% capacity. Contractors also saw an increase in output of 22% for Q2 2016, significantly more than the 5% growth recordered in Q1 2016 and the 3% seen in Q4 […]

Competitive Advantage in conjunction with the Chartered Institute of Marketing Construction Industry Group (CIMCIG) has set up a quarterly survey to measure the impact of Brexit on Sales & Marketing in the construction sector. Please follow the link to give us your feedback and register for a free report of the findings. Here is a […]

What does the Brexit vote mean for the construction sector? Here is a summary of how the construction market has reacted. The UK economy was adversely affected by uncertainty prior to the EU referendum. This uncertainty has continued following the Brexit vote. Rain Newton –Smith, chief economist for CBI, goes through what the economic impact […]

The CBI economic forecast for May expects the UK economy to grow but at a slower rate through 2016 and 2017, saying global economic risks, including uncertainty ahead of the EU referendum, are starting to weigh on investment plans. Building have surveyed 1,300 professionals and found 63% believe remaining in the EU would be the best outcome […]

At the end of March the Government Construction Strategy 2016 – 20 was released. The strategy presents ideas on improving efficiencies and increasing productivity in government construction, to deliver £1.7 billion efficiencies and support 20,000 apprenticeships. It is hoped increased productivity will support government to deliver the £163 billion of planned projects identified in the spring 2016 […]