Astrazeneca (AZN)- Technical & Fundamental Analysis
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Astrazeneca (AZN)- Technical & Fundamental Analysis
06 Nov 2025, 09:34
The UK is facing a critical shortage of construction workers needed to meet Labour’s ambitious goal of building 1.5 million homes by 2029, industry leaders have warned. To reach this target, the country will need tens of thousands of additional workers in essential trades like bricklaying, carpentry, and groundworks.
Labour’s Housing Promise: 1.5 Million Homes by 2029
Labour’s plan to build 1.5 million new homes in England by 2029 requires an average of 300,000 new homes to be constructed annually. Currently, the UK is building around 220,000 homes per year, so the construction industry must significantly ramp up its workforce to meet Labour’s housing targets. This means recruiting thousands of new workers across multiple trades, such as:
Reasons Behind the UK’s Construction Worker Shortage
The Home Builders Federation (HBF) and Barratt Redrow, the UK’s largest housebuilder, have highlighted several factors contributing to the shrinking construction workforce, including an aging labor force, lack of skilled tradespeople, and the impact of Brexit on immigration. The government has acknowledged the problem and promised to take action to address the skills shortage in the construction sector.
The Need for Skilled Construction Workers in the UK
To meet the 1.5 million homes target, the construction industry must address a growing skills gap. The sector currently employs around 2.67 million workers, but experts say that tens of thousands of new recruits will be needed to reach the new housing goals. Many workers are aging, with a quarter of them aged over 50, and there’s a lack of younger workers entering the field.
Why the UK Faces a Construction Worker Shortage
Several factors have contributed to the shortage of construction workers in the UK:
Government Response to the Construction Skills Shortage
In response to the construction worker shortage, the UK government recently announced a £140 million funding boost to create 5,000 new construction apprenticeship places each year. The government has also set up "homebuilding skills hubs" to fast-track training for the construction workforce. These initiatives aim to address the skills gap and ensure that more young people are trained for construction jobs.
Challenges in Meeting Housing Targets
Despite government efforts to increase apprenticeship numbers and improve training, many local councils and industry experts have criticized Labour’s housing targets as unrealistic. An independent report from the Centre for Cities estimates that housebuilders will fall 388,000 homes short of the 1.5 million target.
Barratt Redrow’s Plans for the Future
Although the construction sector faces challenges, Barratt Redrow is optimistic. The company plans to build between 16,600 and 17,200 homes in the next financial year—nearly 4,000 more than originally expected. Barratt Redrow and the HBF are both calling for more pro-development policies and investment in training to help the industry meet the government’s ambitious housing goals.
Source: bbc.co.uk