Concrete fencing and building firm Supreme Concrete has said increasing timber prices, and a potential £1bn bill if Britain leaves the EU customs union, means more builders and homeowners could turn to concrete alternatives.
Described as the “timber tax bomb” by the Timber Trade Federation, these post-Brexit concerns are combined with a much-publicised rise in timber prices in the last 12 months. Industry commentators expect the trajectory to continue.
Tim Wright, sales director for Supreme Concrete, said: “This is a cost-sensitive industry. The latest increases in price are clearly the result of a global demand for timber from emerging economies and of course as the fuel-source for biomass energy plants.
“These factors, coupled with the news that EU timber imports will cease being VAT free if we leave the EU customs union, mean the rising tide of people choosing concrete over timber is set to continue.”
He added: “As well as concretes cost effectiveness and vastly increased durability of over timber alternatives, products manufactured here in the UK offer shorter lead times and guaranteed availability – the net result is a much more reliable and sustainable solution.”