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Government should be fixing its policy credibility rather than boasting about its fiscal credibility

Government should be fixing its policy credibility rather than boasting about its fiscal credibility

The Government’s intervention to boost infrastructure spending is timely. The construction data is almost all pointing in a southerly direction. The latest construction activity survey from the surveyors’ body RICS, released today, suggests workload among its members shrank in the second quarter.

Do the house building figures really show recovery? Well not really

Do the house building figures really show recovery? Well not really

The latest house building statistics published yesterday tell us practically nothing about the prospects for the industry over the year ahead, other than things don’t appear to be getting worse and that we are still a huge distance from where we were three or four years ago. Why then does our housing minister Grant Shapps feel the need to pump up the value of what really are still very flaccid figures for housing starts? He tweeted: “These better house building stats…

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