Government Spending Cuts and the Construction Industry

Just when the construction Industry thought things couldn't get worse...........along came the spending cuts announced recently by the Government.

The main victim for the Government's spending cuts are, Local authorities and planned spending on construction projects particularly, Schools re-building.

This is compounded by so few major construction projects in the UK which in the main are the 2012 Olympics project, Blackfriars and the refurbishment of Birmingham's New Street Station.

The immediate future looks rather gloomy and recent figures released show that construction accounted for the most company failures in the first half of 2010 at 531.