"Like many other parts of the construction industry, timber businesses are crying out for some political stability right now,” said David Hopkins, TDUK’s CEO. “We hope the appointment of Rishi Sunak as PM will provide this and continue to calm down the markets too. Of course, he has some urgent economic issues to prioritise. But for TDUK members, whether he's a good PM or not will also be judged by his actions on Net Zero.

"Liz Truss commissioned a review of Net Zero policies to ensure they are pro-growth and pro-business, following increasing scepticism amongst conservative MPs. We firmly believe that a Net Zero strategy with effective and targeted regulation is a driver of economic growth and can be part of the solution to this country's difficulties. We look forward to productive conversations with Mr Sunak’s ministers on this and other issues in the coming months."