Construction
Housebuilding slows in London as cost of construction rises The double impact of the pandemic and Brexit is forcing up the cost of building materials, causing workforce shortages and slowing housebuilding progress in London, the Mayor of London Sadiq Khan has warned. 38
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overnment figures show that the cost of construction materials, such as steel, timber and concrete, for all types of work rose by 23 per cent last year. This increase is roughly equal to the rise that was seen across the previous 12 years. Meanwhile, separate industry data suggest the inflation of construction materials reached a 40-year high in the third quarter of 2021.
