Economic certainty needed to bolster builders, says FMB
The 0.2% fall in construction output in January 2025, according to new figures from the Office of National Statistics (ONS), is another indicator that the economy is struggling despite the Government’s strong commitment to back development, says the Federation of Master Builders (FMB).
Brian Berry, Chief Executive of the FMB said:
“Winter is always a challenging period for the construction sector, but it remains concerning to see another 0.2% decline, following the 0.2% decline previously recorded for December. With the wider UK economy also contracting in the first month of 2025, it is a worrying time for all the building trades. Builders will be looking forward to some spring sunshine to ensure they can get cracking on with jobs, and the hope that consumers will be more willing to commit to projects.”
Berry continued: “Despite the overall slowdown, the 0.4% growth in the repair and maintenance work is an encouraging signal demonstrating the crucial role that small builders play in boosting the UK economy. Local builders make up the vast majority of the building industry and they need a stable economic climate to grow. Hopefully, the forthcoming Spring Statement from the Chancellor will help kickstart the economy and get more consumers to spend.”
You May Also Enjoy
Labour to enforce entry to your home for Property Mansion Tax?
Public Sentiment Favours Social Infrastructure Over Housing Resistance
Homebuyers are Prioritising Wi-Fi Over Good Schools
Landlord returns reach almost 7% in some areas
Portfolio landlords now control almost half of England’s private rentals
