Indications of a robust and accelerated expansion of overall construction activity
The IHS Markit/CIPS UK Construction PMI rose to 55.5 in November 2021, up from 54.6 in the previous month, indicating a robust and accelerated expansion of overall construction activity as commercial work rose the most since July.
Market Update - November 2021
G&T's Market Update for November 2021 provides an overview of the UK construction market. Against a backdrop of ongoing supply chain issues and rising costs, our latest report highlights changes to key macro-economic indicators over the reporting period, as well as construction-specific metrics such as the IHS Market/CIPS UK Purchasing Managers' Index (PMI) construction output, new orders and key material costs.
National Infrastructure Commission has set out nine priority areas most in need of investment
The National Infrastructure Commission has set out nine priority areas most in need of investment over the next 10-30 years in order to decarbonise the economy, protect the environment and 'level up' poorer regions.
The 10 Point Plan: A Summary
The built environment plays a critical role in advancing the climate agenda and so it is up to us, as professionals in the industry, to challenge ourselves and answer the call of necessity. Back in November 2020, the Government set out its ‘Ten Point Plan for Green Industrial Revolution’ – a plan that lays the foundations for the UK to become “cleaner, greener and more beautiful” as well as a global leader in green technologies and finance.
Autumn Budget 2021 - Construction and Property Highlights
The Chancellor’s theme for this Budget was to build a stronger economy for the British people. This was a fairly quiet Budget for construction and property. However, our Construction & Property Tax team have summarised the key issues for this sector.
To Fix or Fluctuate
Over the last 25 years, UK Plc has had a relatively stable growing economy. Consequently, fluctuation clauses, intended to deal with variations in costs such as labour, transport and materials, are now often omitted from contracts. In fact it is quite likely that most construction professionals practising today have never worked on a project with fluctuating clauses. But, in the current economic climate where we are experiencing significant volatility in material prices, should we be reinstating these clauses to protect our clients? Or are there other measures we can take to manage this risk?
Government publishes National Infrastructure and Construction Pipeline 2021 policy paper
The Government has published the National Infrastructure and Construction Pipeline 2021 policy paper – a forward-look at the pipeline of planned projects and programmes.
Lights, Camera, Action - Space! A Close-Up Look at the Studio Space Race in the UK
A streaming boom over the last few years has triggered heightened demand for fresh, new content. However, packed with big new productions, studios in the UK are struggling to keep pace with demand, triggering an influx of funding to provide new developments and expansions.
Strong pipelines in the month ahead are a cause for optimism
Strong pipelines in the months ahead are a cause for optimism, which should calm the nerves of firms concerned about a post-COVID slump. Project starts will see a return to pre-COVID levels in 2022, helped by the likelihood of the Government announcing a major retrofitting programme in the coming months.
Market Update - August 2021
G&T's Market Update for August 2021 provides an overview of the UK construction market. Against a backdrop of ongoing disruption caused by the coronavirus (COVID-19) pandemic and new Brexit trading rules, our latest report highlights changes to key macro-economic indicators over the reporting period, as well as construction-specific metrics such as the UK Purchasing Managers' Index (PMI), construction output, new orders and key material costs.
Construction activity in June expands at fastest pace since June 1997
Construction activity in June expanded at the fastest pace since June 1997 according to the latest PMI data, largely thanks to a sharp rise in new orders. The index rose to 66.3 with sharp increases in business activity seen across all three main areas of the construction sector.