Cancellation of HS2 northern leg not factored into forecasts of 2024 recovery, says RLB

By Daniel Gayne2023-12-04T13:15:00

Consultant says tender price inflation will be lower in coming years

The partial economic recovery forecast for 2024 has not factored in the cancellation of the northern leg of HS2, according to Rider Levett Bucknall (RLB).

In its latest construction market intelligence report, the consultant said the loss of heavy civil engineering work related to the scheme would “punch a hole” in workload projections for some major contractors and subcontractors.

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