The UK construction industry has shrunk by ten per cent under the coalition and construction output is now at its lowest level since 1998, according to new analysis by the TUC.
The UK construction industry has shrunk by ten per cent under the coalition and construction output is now at its lowest level since 1998, according to new analysis by the TUC.
The UK economy would also have grown three times faster over the last year if the government had stopped the decline of the UK construction industry, the study published today suggests.
According to the analysis, had construction output remained the same over the past five quarters economic growth would have increased by 1.2 per cent instead of just 0.4 per cent.
The government has cut support for public construction works by over a quarter since 2010. During this period public money for house building has also been cut by a fifth and spending on school, hospital and transport building projects cut by over a third.
However the gap has not been made up by the private sector, with private sector funded construction works falling by 4.5 per cent since the coalition came to office.
Construction output at its lowest point, when the government took office and in the latest quarter
| 1998 Q3 | 2009 Q4 | 2010 Q2 | 2013 Q1 | |
| Construction output | 84.6 | 100.0 | 93.9 | 84.7 |
One Response to “UK construction industry shrinks 10 per cent under coalition”
Cam
The construction industry recovery is key to the recovery of the economy as a whole! I do not see why more isn’t being done by government to support the industry. Without the private sector investment i dread to think what the drop would have been!! Do we know if government has any future plans for re-investment?
Brick Suppliers Birmingham