The cost of living crisis is something that’s repeatedly filling our news streams with reports of how this is affecting people, businesses and whole industries.
Now, it has been revealed that, during 2022, high levels of inflation on building materials has made its mark on the UK’s construction sector – taking the total cost of construction output for the year to a record level of £204bn.
Read on for more on this story as well as what the experts are predicting for 2023…
As construction companies continue to face challenges around the supply and cost of materials, the Construction Leadership Council have got together with industry experts to launch a five-point plan to ease the impact.
While many of the factors causing the materials crisis are acknowledged to be outside the control of businesses, experts or even the government, the CLC’s plan seeks to co-ordinate an industry-wide effort to minimise risk and reduce the impact of inflation wherever that’s possible.
Keep reading for more on what’s causing this problem and what’s included in the plan.