News
Public Spending to fall across Europe
27/11/2009
Europe’s leading construction companies have warned that rising government debt and the need to cut capital spending will lead to significantly lower levels of state-funded contracts, reports the FT.
They are commenting on a Deloitte report on the biggest 100 building companies. Many predicting a halving of government investment.
In 2009 in the UK, the Construction Products Association expects private investment to fall to the lowest levels since its records began in 1948.
Now, the Deloitte report suggest public spending will contract significantly as governments try to reduce debt.
Full story at http://www.ft.com/cms/s/0/e09840f8-dab0-11de-933d-00144feabdc0.html
