TAB reacts to weaker housing activity weighing on UK construction sector (October 2026 PMI)

Created Nov 5, 2026 • AI-generated summary

Cherry press release (5 November 2026): James Staunton, head of communications at commercial mortgage lender TAB, reacts to news that weaker housing activity is weighing on the UK construction sector (the October 2026 S&P Global UK Construction PMI showing a steep drop in housebuilding). He argues the UK is missing housing targets because regulation has made homebuilding a "red-tape marathon", with levies, surveys and sign-offs adding days to months to builds and threatening viability, and urges ministers to "get out of the way" as the cheapest stimulus. Membership limited to this TAB/James Staunton reaction statement.