Certain factors contributing to the statistics coming from the construction sector include:
- Rising National Insurance payments
- Higher National Minimum Wage
- Higher material and labour costs
- Tight margins in housebuilding
- Regulatory pressures
- Fixed-term contracts
- Subdued activity
- Project delays
- Cashflow
Despite signs of improvement in Q1 this year, the health of the British economy had fallen in Q2.
However, August 2025 was the lowest monthly total for construction insolvencies since July 2023, and an 8.7 per cent decrease from the 4,310 recorded in the previous 12-month period.
Unpaid taxes
“The other side of government action affecting business is its drive to recover unpaid taxes,” said Julie Palmer, managing partner at…