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By Dave Rogers2025-12-11T06:00:00
Jobs are still being stalled by planning red tape, legislation and funding issues. A ho-hum Budget hasn’t helped contractors’ mood either but at least some are trying to look on the bright side, writes Dave Rogers, ahead of Building’s Top 150 Contractors & Housebuilders list released tomorrow.
With a grim irony, another thing happened on the day of last month’s Budget.
A couple of hours after Rachel Reeves had sat down, news emerged that a company called National Timber Group, which employed around 1,200 people, had a turnover of £300m and had been going since 1920, had slipped into administration.
The familiar woes of liquidity issues were blamed; and the firm itself, in accounts for 2023, said the year had seen “an extremely challenging operating environment [with] continued macroeconomic uncertainty and higher interest rate environment result[ing] in a significant reduction in demand”.
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