UK construction activity falls by most in five years as residential building drops
Ouch! Activity in the UK construction sector has fallen at the fastest rate in over five years, indicating the government is struggling to hit its housebuilding targets.
Data firm S&P Global has reported that there was “a considerable slump in the UK construction sector” in July, as builders reported a renewed decline in housing projects.
That is a sign that Labour are falling behind in their target to boost housebuilding and build 1.5 million new homes by 2029.
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