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If you thought @Nigel_Farage had his fill of lions' dens after Scotland, think again. Today he's at the Foreign Press Association
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Denis MacShane | Angela Merkel star guest at German SPD's 150th birthday party. Would Labour invi...
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Angela Merkel star guest at German SPD's 150th birthday party. Would Labour invite a Tory PM?
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Jon Wilson | Why we love Woolwich
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Woolwich is an amazing place. It’s where the Labour party was founded as a mass membership organization. The Woolwich Provident was one of Britain’s first building societies. The Royal Arsenal Coop on...
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Paul Goodman | Cameron's response to Woolwich was right
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Tameena Hussain | The Woolwich horror was not, repeat not, caused by Islam
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Press Release
Construction re-enters recession in Q1 with further falls expected
25 April 2012
Today's figures from ONS for GDP in the first quarter of 2012 show that the UK economy and construction industry returned to recession with a fall of 0.2% fall and 3% respectively.
Commenting on these figures, Noble Francis, Construction Products Association Economics Director said: 'Given the sharp effects of public sector spending cuts over the past 12 months it is unsurprising to see that construction returned to recession in the first quarter with a fall of 3% following the 0.2% fall in Q4. Furthermore, with new orders for construction falling 14% in 2011, the industry is likely to endure further falls near-term. Our latest forecasts for construction anticipate that the industry will fall considerably this year and remain flat in 2013, severely delaying recovery for the economy as a whole.'
'Given that independent economic analysis has shown clearly that for every £ spent in construction, £2.84 is generated for the wider economy, it is essential that government does its utmost to switch its current spending towards the more productive capital spending.'
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