Building industry warns of insolvencies

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The construction industry is warning of business collapses amid soaring labour and material prices.

The construction industry is warning of business collapses amid soaring labour and material prices. The sector was in high demand during the pandemic – but in the last year, construction companies accounted for 26 per cent of businesses becoming insolvent.

 

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Seems Scomo's largess giving jobkeeper and monetary incentives for people to renovate didn't work

That’s Capitalism for you.

The market economy not working out so well for them? They built this bed on the back of low wages, insecure jobs and just in time management with no thought to what if conditions change. Decades of dismantling working class protections delivering results

Surely the brilliant executives, although underpaid, running this industry won't allow that to happen.

HOMEBUILDER feeding frenzy has didn't help and this was a predictable end ....

It might have to do with all the crooks in the industry who have thrived on the cutting of lots of 'red tape' that Murdoch propagandists like yourself have always encouraged ...

SkyIsNotNews

Who would of thought?!?!?!

Risk of business.

Its all due to climate change and ukraine whos politicians just gave themselves a 70% pay rise due to $$$Billions of $$$ coming in.Fascism is a live and well and your mob are part of the problem for not calling out this in our Govt

Sky News is essentially funded by global corporatism. It exploits hypernationalism as a cloak. Any news it reports is there to scrape together legitimacy so that it can then sell its illegitimate messages

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