Sterling collapse will hit margins ‘in all parts’ of construction, say economists

By Daniel Gayne2022-09-28T06:00:00

Higher import prices to add to cost inflation woes

The collapse in the value of the pound following Kwasi Kwarteng’s mini budget on Friday is likely to create yet another inflationary pressure on construction costs.

The pound plummeted to all-time lows against the dollar ($1.03) on Monday morning as the sustainability of the chancellor’s high-borrowing growth plan spooked the markets.

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