The UK could be on the verge of a skills crisis unlike any other. Hours worked are still 7% below pre-pandemic levels, but labour pressures are being seen throughout various industries, including construction. This suggests that the industry should be increasingly focussing on attracting people into the industry and committing to training programmes, as outlined by the recent Plan for Skills and looking for ways to make the sector more attractive to those from other industries.
As government support for businesses is eased and withdrawn, companies will face higher bills, and repayments of deferred bills or support will also start. This will strain the finances of some companies, particularly if cashflow or productivity have not returned to normal. Understanding your supply chain, and what pressures could sit within them will be crucial for all sectors over the next few months.