David Cameron wants to transform fortunes of ailing construction industry
The Prime Minister was responding to the latest figures from the Office for National Statistics, which found that construction output dropped by 4.7% in the first quarter of this year, which dragged down the growth of the UK economy, which grew slightly by 0.5%.
In the House of Commons, Mr Cameron said the figures were “disappointing” and that there is a need to “get Britain building again.”
Vince Cable echoed the thoughts of the Prime Minister, with the Business Secretary telling BBC’s Newsnight that the government were “aware of the construction industry’s difficulties”, and “sustainable growth in the wider economy would bring construction with it.”
We mentioned on Train4TradeSkills News that the ONS statistics for construction in 2011 had been criticised heavily by construction experts. After Construction Products Association CEO Michael Ankers spoke out about the stats, the same company’s economics director said the data may be six weeks out of date and included some of the December data (where the freezing weather hampered the construction industry) in their readings.
Construction Products Association economics director Dr Noble Francis has consistently highlighted the discrepancy between construction invoices and output, with monthly estimations of the latter proving difficult.
He said the data may be up to six weeks out of date and mean some of the snow-hit December data may be seeping into the first quarter’s readings.
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- GDP figures slam construction industry, but is it really that bad? (train4tradeskills.wordpress.com)
Posted on April 28, 2011, in construction jobs, construction news, train4tradeskills and tagged construction, Construction Products Association, construction recession, david cameron, David Cameron construction, Economy of the United Kingdom, Office for National Statistics, t4ts, train4tradeskills, Vince Cable. Bookmark the permalink. Leave a comment.