Early signs last year’s output slump is turning a corner, says G&T report

By Tom Lowe2026-02-20T11:36:00

Greater post-Budget clarity and expectations of interest rate cuts signal revival of stalled projects this year

Last year’s fall in construction output may be on the verge of turning a corner as firmer post-Budget certainty and signs of imminent interest rate cuts bring stalled projects back to the table, Gardiner & Theobald has said.

The consultant’s latest tender price inflation report said there were early signs that delayed schemes, particularly in the commercial sector, were beginning to re-engage with potential for momentum to build over the course of the year.

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