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High construction costs and 6% interest halt building in Britain, Tom Forth notes

High construction costs and 6% interest halt building in Britain, Tom Forth notes
High rates and costs halt British projects

Tom Forth highlights that with 6% interest rates and the current high cost of construction in Britain, very few projects are economically viable.

He suggests that these financial conditions are discouraging most new building activity across the country.

Forth has previously questioned the economic perspectives promoted by the Adam Smith institute in the UK. He has also observed that the economy of Washington DC is around three times stronger than similar UK cities. His recent comments continue a pattern of critical analysis regarding the UK's economic climate.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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