’Increased costs will hit just as UK market is slowing down’
The cost of building materials is expected to rise by more than 5% in the coming year at the same time as the UK market is starting to cool down, according to a new report.
Consultant Turner & Townsend (T&T) said that against a background of subdued growth UK contractors had reported a 23 percentage point rise in order books.
But this good news was tempered by the likelihood of input costs rising by 5.3% over the next 12 months.
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