An analysis of the forces driving UK borrowing costs to multi-decade highs and what it would take to bring them back down.

European construction is moving out of its trough. After a deep contraction in 2024 and stagnation in 2025, activity is returning, led by infrastructure, the energy transition and selected residential markets. While the recovery will be gradual and uneven, it is real. For companies active in the equipment rental industry, where growth typically anticipates and outpaces growth in the construction market, this is a favourable setup, though not a risk free one.

The parliamentary election scheduled for this Sunday represents the most significant challenge to the hegemony of the Fidesz–Christian Democratic People's Party coalition since its ascent to power in 2010.