A £20 billion repair bill to fix the UK construction industry after the recession
Just what has been the cost to construction of the recession? Could and should policymakers have made the slump in activity less painful? Were there better policy options? These questions need desperate attention. Mistakes were made. Bad and avoidable mistakes, in my view. Lessons must be learned. Construction is a strategic industry. Having a construction industry is not an option for any nation. That makes it special, like health, education or defence. Recessions can disproportionately hit construction. The damage, however, will…