Pre-budget report: Construction
Monday, December 15, 2008
Alistair Darling's plan to assist the construction industry by bringing forward £3bn of infrastructure work was overshadowed last night when it emerged that the Treasury has ordered a review of its huge overhaul of the English schools estate.
Although the chancellor yesterday announced the fast-tracking of £800m worth of primary school construction and refurbished secondaries, a rethink of the £45bn plan for new schools and for an improvement in the education workforce would be a severe blow to the building sector.
The schools programme is thought to be worth more to construction firms than the Olympics and the proposed expansion of Heathrow airport put together.
The pre-budget report identifies a series of areas to be targeted under the public value programme for additional savings.
Read more at Guardian online
Although the chancellor yesterday announced the fast-tracking of £800m worth of primary school construction and refurbished secondaries, a rethink of the £45bn plan for new schools and for an improvement in the education workforce would be a severe blow to the building sector.
The schools programme is thought to be worth more to construction firms than the Olympics and the proposed expansion of Heathrow airport put together.
The pre-budget report identifies a series of areas to be targeted under the public value programme for additional savings.
Read more at Guardian online
Labels: Alistair Darling, Construction, Housebuilders, pre-budget report
