On 6th September, Liz Truss formerly became the UK’s 80th Prime Minister, moving into number 10 Downing Street and no doubt inheriting an in-tray as high as some of London’s skyscrapers!
In her debut speech as PM, Truss talked about her vision for an “aspiration nation” characterised by tax cuts and business-led growth, and talked about three priorities – tackling the energy crisis, supporting the NHS and boosting the economy. Claiming her mission was to “get the UK working, building and growing’, the new Prime Minister gave little detail of how that might come about and interestingly made no references to net zero, nature or climate change.
With the construction industry facing economic challenges around rising costs plus labour and materials shortages alongside environmental challenges around emissions, energy efficiency and waste, industry leaders have been quick to react to the new PM’s appointment. In this week’s blog, we’re sharing what some had to say.
With the news headlines moving slightly away from the coronavirus pandemic into an almost daily dose of woe about the energy market crisis, in today’s blog we’re looking at what effect this might have on construction.
While Sheriff Construction and other building contractors like us do not use very much natural gas in our day-to-day work, the problem is that our suppliers do. Manufacturing the materials we use is often energy intensive and, with the hike in the price of gas, it’s inevitable that those costs will start to pass through the procurement process. One leading economist is warning the industry to be prepared for a ‘phase of rising prices’ in bricks, cement and concrete. Read on for more information.