UK housebuilding in deepest slump since 2020 lockdowns; Warner Bros rejects ‘inferior’ $108bn Paramount hostile bid – as it happened

Rolling coverage of the latest economic and financial news, as UK construction sector shrinks for 12th month running

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Newsflash: Britain's construction sector continued to shrink in December, as housing, commercial and civil engineering activity suffered sharp falls again.

Data provider S&P Global has reported that activity across the UK construction sector, and new orders, both fell again last month.