Browsing: Inflation News

Perthshire’s largest contractor succumbs to inflation challenges, marking a significant shift in local construction dynamics. The collapse of Hadden Construction, based in Aberuthven, has prompted widespread…

HG Construction has achieved its highest turnover yet, surpassing £400m, but profits have decreased significantly for the second consecutive year.The company’s turnover in 2023 reached £424m,…

HG, a Hertfordshire-based contractor, has achieved notable financial success by significantly increasing its turnover. Despite economic disruptions and reduced profits, HG’s strategic efforts have led to…

The UK state pension is projected to increase by over £400 annually, following controversy surrounding Labour’s decision to means-test the winter fuel allowance for pensioners.This prospective…

The Essex-based contractor, Mulalley, faces a significant profit decline due to rising costs.Mulalley’s turnover decreased by £20.8 million, significantly affecting its financial year.High inflation and mortgage…

After years of challenges, signs of recovery emerge in the construction industry.Inflation and interest rate hikes have posed significant hurdles for the sector.The new Labour government’s…

Retail prices in the United Kingdom have experienced deflation for the first time in nearly three years. This change has been driven largely by significant discounts…

Bam Construction Ltd has reported a significant financial downturn, attributing it to widespread inflation and supply chain issues.The company’s pre-tax loss for 2023 amounted to £31.4m,…

Bam Construction reports significant financial losses attributed to inflation and supply chain issues, as revealed in their recent financial report. The firm experienced a pre-tax loss…

The UK’s most ambitious energy transmission project has seen its costs soar by £1.3 billion, yet approval has been granted.A significant increase in the budget, from…