This week’s episode focuses on the Construction Industry, and how it can be viewed as a microcosm for what is happening across the wider economy (labour and supply chain issues).
A 20% increase in the price of building materials, high rises in labour costs, along with high import tariffs have all had a destructive effect on the industry. Some economists are warning that the building industry will be paralysed as the cost of supplies soars amid a ‘perfect storm for construction’. Nick and Jo discuss these issues and draw listener’s attention to other warning signs they are seeing in the industry.
Also covered, is the now signed proposal to raise National Insurance tax, planned to help pay for the cost of social care reform.