Cost-hit construction 'won't recover before end of year'

THE construction industry is unlikely to recover before the end of the year, one of Britain’s biggest building materials suppliers has said, as firms wrestle with rising taxes and increased uncertainty.

- By Simon Hunt

Lords said it was continuing to focus on delivering efficiencies to deal with cost pressures and “an increasingly onerous regulatory environment” after it reported a downturn in demand.

The company said: “The economic environment at the start of 2025 is not conducive to growth.