London contractor delays new factory plans over austerity fears

By Daniel Gayne2022-11-16T07:00:00

Source: HM Treasury

Reds10 puts plan on ice ahead of predicted slowdown in government spending

The chairman of London offsite specialist Reds10 has said it is delaying plans to invest in a new factory over fears the government will cut off public spending in the medium-term.

Paul Ruddick, who founded the firm in 2006, told Building the business had been looking at opening a second facility but would not commit to “any large spend or investment” right now because of the worsening economic situation.

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