Construction grows in August but Barratt update shows impact of last month’s mini-budget

By Daniel Gayne2022-10-12T09:56:00

News on summer boost in output overtaken by shock of Kwarteng’s tax giveaway three weeks ago

Construction output grew in August for the second consecutive month, driven by strong growth in infrastructure.

But the numbers are likely to get worse from September with housebuilder Barratt this morning announcing that private reservations had fallen on the number recorded for its last financial year “as customers react to the wider economic uncertainty” following chancellor Kwasi Kwarteng’s mini-budget less than three weeks ago.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community