The Ukraine crisis may hamper recovery for the glazing and wider construction sector, according to the Federation of Master Builders (FMB). The FMB’s statement follows the publication of ONS construction output data.
Brian Berry, the FMB’s chief executive, said: “The impact of the Russian invasion of Ukraine is likely to exacerbate the current challenges around the cost and procurement of building materials. Oil, steel, aluminium, timber and copper are set to be some of the worst affected materials.”
He added: “Construction output is now at its highest level since September 2019, which is very positive news following an extremely difficult two years for builders. Interestingly, repair, maintenance and improvement projects were responsible for much of the increased output in January.
“At a time when costs are surging, the situation puts builders in the unenviable position of having to raise costs for a customer base that is tightening its belts. To counter this, the FMB is advocating that the government bring forward policy interventions, at the upcoming spring statement, that can ease the effects of this increase. In particular, there is a growing need for a National Retrofit Strategy and a cut in VAT on all energy efficient home improvements. These policies would provide an economic boost for local builders, reduce consumers’ vulnerability to energy shocks and further the UK on its journey to net zero.”
