State of Trade Survey, View from the Chief Executive

Unfortunately, issues that became particularly concerning during the pandemic are continuing. Not only are costs of materials an ongoing concern, but their availability is still having a direct effect on jobs, with 71% of projects delayed. A lack of skilled tradespeople has been a longterm issue, that was made worse during the pandemic. But the effects linger on, with 61% of jobs delayed because FMB members couldn’t secure the right tradespeople. Without some serious changes to the economic and political outlook of the UK, there isn’t an easy way forward for the industry.?

What lies ahead??

Many of the changes needed to ensure companies stay afloat, maintain healthy margins and grow are, for now, in a state of dormancy. The caretaker government announced in the wake of the Prime Minister, Boris Johnson, resigning is set to hold the fort, with no new announcements on the way until September.?

Against this background the FMB will be working over the summer, preparing our engagement with the new government as soon as it is in place. We will be holding it to account to provide pragmatic and ambitious solutions to boost the sector. If the new government wants to deliver on the levelling up promises it will be local building companies that are best placed to boost local economies and provide jobs for local school leavers. That means proper commitment to a long-term National Retrofit Strategy, something the recent heatwave has only strengthened the case for. It means licensing to protect consumers and boost the image of the sector. And it also means a favourable tax and training environment to support businesses today and into the future.?

Download the State of Trade Survey: https://www.fmb.org.uk/resource/state-of-trade-survey-q2-2022.html