Foreword

Dr Gareth Owen, Morson Market Analyst

There was optimism across most sectors in the first half of 2023, with big investment plans and strong revenue growth. But much uncertainty lies ahead, as the UK economy is experiencing a turbulent ride, with a recession still likely in 2023.

Skills shortages and supply chain issues still represent the biggest obstacles to growth that breaks through pre-pandemic levels

The big opportunities and challenges that are stacked ahead of us will require a relentless focus on talent attraction and retention, concentrating on widening the talent pool through attention to welcoming diversity

The industry continues to adapt to the challenges of skills shortages, net zero and the Building Safety Act allowing good companies to differentiate themselves, through innovation and evidence of competence.

#1 Industry snapshot