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UK’s largest brickmaker hit by sales slump as housebuilding downturn deepens

Ibstock, which has cut production by a fifth, criticises government for delay in help for housing sectorSales at the UK’s largest brickmaker plunged by more than a fifth over the summer, as it criticised the government for not introducing fresh…

This article was originally published by The Guardian World and is republished here under license.

Ibstock, which has cut production by a fifth, criticises government for delay in help for housing sector

Sales at the UK’s largest brickmaker plunged by more than a fifth over the summer, as it criticised the government for not introducing fresh help for the housing sector faster.

Leicestershire-based Ibstock said on Monday that sales slumped by 22% below its expectations in the quarter to the end of September, prompting it to slash production levels by a fifth.

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