Energy is rapidly becoming the key driver of everything from the cost of living, to wages, and the availability of materials. The new price cap in the UK will be confirmed this week, and with the UK’s replacement PM still undecided for a few weeks, there is little extra support, particularly for industry. Combined with ongoing strikes across the UK, particularly at Felixstowe, it is unlikely that we will see a resolution to supply chain issues this year.
Yet, there continues to be demand in the construction market, reflected by annually increasing wages and the sale of machinery. It is also positive to see that recent efforts to change young people’s attitudes to a career in construction seem to be working. The ongoing challenge is to ensure that interest translates into secure placements.