The Bank of England has increased interest rates to 2.25%, their highest level since 2008, and ‘will not hesitate’ to raise them further to reach its target of 2% inflation. Inflation remains high at 9.9% and the latest statement from the CLC Product Availability Group confirms it is still the ‘biggest issue’ for the industry.
It is most recent strategy, CLC outlines the four priorities to transform construction ‐ Net Zero and Biodiversity, Next Generation Delivery, Building Safety, and People and Skills ‐ as well as more immediate challenges, including inflation, forward pipeline, and business sustainability.
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