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Tag: capital spending

Nicky come lately still doesn’t get it for all his Damascene conversion to capital spending

Nicky come lately still doesn’t get it for all his Damascene conversion to capital spending

The Deputy Prime Minister Nick Clegg has realised, he says, that the Government cut capital spending too fast. After this no doubt a whole industry – construction – is now saying “we agree with Nick”. The sad twist is that in reality it is Nick that now agrees with the industry. Sad because the nation has had to endure a long haul where opportunities were missed and huge damage done. Sadder still because there’s little hope of a meaningful boost…

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RICS construction survey provides more worries than hopes

RICS construction survey provides more worries than hopes

Construction workload is falling and we should expect it to fall further. That basically is what the latest survey from the surveyors’ body RICS suggests. The lines on the graph 1 are pretty clear. There are firms doing more work (blue line), but there are more firms doing less (red line). And on balance there is a majority of firms of the view that workloads will fall over the next 12 months (green line). But given that this survey data…

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