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Tag: Plan for Growth

2012 was the fourth worst on record for construction growth as output falls 8.4%

2012 was the fourth worst on record for construction growth as output falls 8.4%

So there we have it, the official Office for National Statistic figures show that Britain’s construction output fell by 8.4% last year. But how can construction output have collapsed so far so fast and there not be howls of pain and frantic action by the Government to bolster one of the nation’s more vital industries? It’s a puzzle made all the more baffling by the constant appearances on the telly of David Cameron and Nick Clegg in green boots, hi-viz…

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UK construction bosses need to make Government face the facts: The industry is in freefall

UK construction bosses need to make Government face the facts: The industry is in freefall

Construction output fell 2.6% in the third quarter of this year. This fall was slightly more than had been expected when the nation’s first estimate of gross domestic product was released. For informed industry watchers this was no surprise. The fact that revisions by the Office for National Statistics to earlier data pushed the recorded level of output down still further was also not a surprise.