Introduction

The Chancellor’s Autumn Budget resets the dial on Britain’s construction priorities, refining existing commitments rather than launching a wave of new spending. The focus is on laying the groundwork for a longer-term boost in housing and industrial growth.

This recalibration of priorities highlights a steady and targeted effort to support economic growth through built assets, aligning with the government’s industrial strategy. Although the construction industry is unlikely to see sharp increases in activity in the immediate term, the groundwork laid by the Budget points to more substantial movements in 2025, with momentum building in 2026.

This edition of the UK market intelligence report examines the industry’s readiness to navigate and capitalise on the challenges of rising demand amidst constrained capacity. We explore how the sector can adapt and thrive under the evolving economic landscape.

At a glance

0.1%

GDP grows by 0.1 percent in Q3 compared to Q2 2024.

0.8%

Construction output grows by 0.8 percent in Q3 compared to Q2 2024

6.5%

Annual average weekly earnings in construction up by 6.5 percent in September.

UK market intelligence report

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