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June 28, 2023

UK hardwood market slow in the face of consumer “hangover”

The UK hardwood market this year is considerably slower than the last two years, now that the COVID home improvement boom is well and truly over. British consumers are suffering from a “hangover” with annual inflation still close to 8% and the bank base rate having been pushed up to 4.5% following 12 consecutive increases since December 2021.

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