UK construction sector suffers sharpest slowdown since first Covid lockdown

Separate data finds jobs were cut at fastest rate in four years but experts suggest figures were skewed by budget speculation Business live – latest updatesThe UK construction sector last month suffered its sharpest slowdown in activity since the first Covid lockdown as building projects were scaled back and jobs cut amid budget uncertainty, according to a closely watched survey.In a blow to Labour’s aims to boost infrastructure projects and build 1.5m homes by 2030, the poll of UK construction firms showed output in November shrinking at the fastest pace since May 2020, when all building stalled as the pandemic shut down sites. Continue reading...