All public spending articles – Page 2
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Comment
Why the forecast of a shallower recession is bad news for contractors
The latest forecast from the Construction Products Association suggests that the drop in future workload will not be as large as the forecasters had previously thought.The graph opposite compares the past three Construction Products Association forecasts.It clearly shows that with each progressive quarterly forecast the expected hole in construction workload ...
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Comment
Pre-Budget Report points to more money for construction...but a much bigger fall
Few would argue against the view that this set of Pre-Budget Report announcements has more to do with pre-electioneering that pre-budgeting.That’s fair enough. The Labour Party may not be in power to pursue its plans and, if it is after the next election, we don’t know how keen it will ...
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Comment
Are we witnessing an upswing in construction output? In a word: No
So its official – the construction recession isn’t as bad as we thought. And the even better news is that the sharp fall in output at the start of this year wasn’t anywhere near as sharp as last quarter’s figures had suggested.That at least is how the national statisticians might ...
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Comment
What can you get for £1.5bn?
Hard to say how many votes it will win him, but Gordon Brown’s £1.5bn contribution to the Homes and Communities Agency deserves a few cheers from the construction industry. The money is intended to deliver 20,000 affordable homes and build the infrastructure to stimulate another 10,000 private ones. The government ...
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Comment
Recovery soon for construction?
The torrent of economic good news gushing from economists and think tanks is almost overwhelming.Hell's teeth it is a boost to confidence. But does this mean that the recovery is in sight for construction?David Miles, the new member of the Bank of England's Monetary Policy Committee recently told the Western ...
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