Housebuilder Persimmon warned on the return of build cost inflation and the impact of the increase in employers NI announced in the Budget today in an otherwise “optimistic” update on trading.
The company told shareholders: “We are seeing some signs of build cost inflation beginning to emerge in price negotiations for 2025 and are working closely with our supply chain to manage our costs, which will also be impacted by new building regulations and the employer national insurance increases announced in the recent Budget.
