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United Kingdom news:

UK Construction Industry Braces for More Challenges After Activity Bottoms Out in Summer 2022

Photo of workers in orange jumpsuits and hardhats crossing into a fenced-off barrier. There is an international news label and England label

Last Updated on Nov 09, 2022

Construction companies in the United Kingdom reported a major slowdown in building activities over the months of July and August amidst rising inflation and looming political uncertainty. As the country...

UK Prompt Payment Code Could Incentivize Faster Construction Payment — But Slow Payment Still a Global Issue

Photo of construction in London with Financial Alert: UK graphic

Published on Dec 22, 2021

As contractors across the globe struggle with slow payment, things may be looking up for the UK: A recent report from the United Kingdom’s Construction News has shown that over...

British Contractor NMCN’s Collapse Highlights Global Struggles in the Construction Industry

NMCN headquarters with United Kingdom Financial Alert graphic

Published on Nov 02, 2021

After 75 years in operation, British construction business NMCN collapsed on October 6, 2021, following a failure to secure refinancing. The contractor went into administration — a situation similar to...