He comments on how crucial the construction industry is to growth, how we need to improve our labour market, the importance of attracting foreign students to come and live and study here, and that the government’s net zero policy is problematic for economic growth. He is optimistic about the end of the working from home era and the trickle effect that will have on the economy and feels that investors are cautiously optimistic. The market however, is still tough for borrowers and developers and in his opinion interest rate cuts and government policy change such as tax breaks are the key to stimulating the market.
In his second market update, ASK’s CEO Daniel Austin discusses the challenges for economic growth and the impact of uncertainty created by extensive political change.
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