Construction firms are losing confidence in UK economy

CONSTRUCTION firms are increasingly pessimistic about their future, despite the broader UK economy showing tenacity, according to a recent evaluation.

- MAURICIO ALENCAR

The industry is pivotal to Housing Secretary Angela Rayner's vision of developing 1.5 million homes by the year 2030, although initial indicators forecast that this ambitious objective may not be accomplished.

Findings from Lloyds' Business Barometer for April indicate a more pronounced dip in assurance within construction compared to three other sectors surveyed.

In fact, it marked the most subdued confidence level observed in over two years.

Challenges confronting builders have been exacerbated by disruptions in supply chains following President Trump's imposition of hefty tariffs on Chinese goods.