On hold: what Assent’s collapse and waiting for the Budget reveal about the state of construction

By Chloë McCulloch2025-11-13T07:00:00

November has dealt a double blow to the sector – here’s what would help

Autumn has set in and the mood in the construction market has taken a seasonal turn for the worse too. Sentiment among many businesses has been bobbing along the bottom all year, but two recent events have put a real dampener on everyone’s spirits.

First came a rare pre-Budget speech from the chancellor on 4 November – and with it, a refusal to rule out further tax hikes. Cue another drawn-out period of speculation, just weeks before the actual fiscal decisions land.

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