Challenges Faced by the UK Construction Industry Today - Essay Example

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Challenges Faced by the UK Construction Industry Today

From the report it is clear that buildings in UK have been accounting for a substantial amount of energy compared to the total electricity consumption, and the entire emission of the carbon dioxide from various building. This has developed challenge replacing or renovating buildings in order to reduce the environmental impacts in a way that neutralizes the carbon emissions, thereby achieving respectable financial returns on investment. There are efforts for reducing consumption of fossil fuels in buildings in order to achieve the objective of neutrality, and this will be achieved through seeking new approaches in designing and renovating buildings.This discussion highlights that the other challenge relates to the pressure exerted on the construction industry by inflation, whereby pressure has been building over the emerging markets and other mature economies. There is a substantial domestic demand experienced in the construction industry, which is calling for expansionary monetary policy, and increase in cost of commodities. This results to an inflation risk prevailing in the year, though the central bank has commenced to increase the rates in order to prevent asset bubbles. Therefore, a likelihood of remaining as a target in UK because of pressure exerted on the commodities used is in the construction industry while an increase in tax has resulted to an increase in the wages due to expectation of further increase in inflation. ...
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Summary

The paper, Challenges Faced by the UK Construction Industry Today, will seek to explore the challenges and opportunities faced by the UK Construction Industry today, whereby they will be analysed, and the relevant recommendations to deal with the issue will be proposed.

Author : ilenebergnaum

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