The Chartered Institute of Building (CIOB) has welcomed the chancellor’s decision not to raise national insurance, pension contributions or business rates in yesterday’s budget.
However, the institute also noted that the construction industry, particularly SMEs, still faces significant economic challenges.
“As a sector made primarily of SMEs (more than 99% of the UK construction industry are SMEs), many companies are already struggling with rising costs and a dwindling workforce,” said Eddie Tuttle, director of policy, research and external affairs at CIOB.
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