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Tag: economics

How seriously should construction take Cameron’s “red light” warning?

How seriously should construction take Cameron’s “red light” warning?

The Prime Minister decided yesterday to highlight dangers of a fresh global economic crisis. This will impact on the UK construction sector. How much? Who knows? His words printed in the Guardian were: “Six years on from the financial crash that brought the world to its knees, red warning lights are once again flashing on the dashboard of the global economy.” That was a sentence designed to gain maximum media attention. In that it was a success. And he seemingly…

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Latest ONS construction data point to growth in 2011 – that’s not what the industry thinks

Latest ONS construction data point to growth in 2011 – that’s not what the industry thinks

Expect another row to erupt over the latest set of revisions to the construction output figures. If we accept the latest data, the suggestion now is that construction output in 2011 will be up by about 3% on its 2010 level, in the absence of a catastrophic collapse in the final three months of the year. The revisions added about 1% to official construction output in the first half of 2011. The most notable revision is to growth in output…

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