HS2 firm says new steel tariffs will ‘exacerbate’ cost pressures for UK construction industry
#HS2 #steel tariffs #construction industry #cost pressures #UK infrastructure #trade policy #material costs
📌 Key Takeaways
- HS2 firm warns new steel tariffs will increase cost pressures on UK construction
- Tariffs are expected to exacerbate existing financial challenges for major infrastructure projects
- The UK construction industry faces heightened material costs due to trade policy changes
- HS2 highlights potential impacts on project budgets and timelines from increased steel prices
📖 Full Retelling
<p>Doubling tariffs on imported steel will raise cost of the metal when Iran war is already inflating steel and concrete prices</p><p>One of HS2’s biggest contractors has warned the government that raising tariffs on foreign steel imports will “exacerbate” cost pressures for the UK construction industry, amid growing concern over the £100bn railway’s rising budget.</p><p>Ministers said last week they would double the tariffs on imported steel and slash the amount th
🏷️ Themes
Trade Policy, Infrastructure Costs
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Original Source
<p>Doubling tariffs on imported steel will raise cost of the metal when Iran war is already inflating steel and concrete prices</p><p>One of HS2’s biggest contractors has warned the government that raising tariffs on foreign steel imports will “exacerbate” cost pressures for the UK construction industry, amid growing concern over the £100bn railway’s rising budget.</p><p>Ministers said last week they would double the tariffs on imported steel and slash the amount th
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