RICs Construction Market Survey for the last quarter of 2011 paints a gloomy picture of the UK building and surveying sectors. The UK construction industry continued to stall during the final three months of 2011, as doubts were cast over the government's ability to boost private funding to deliver on proposed infrastructure projects.
Simon Rubinsohn, RICS Chief Economist commented "Predictably, with workloads continuing to fall and costs slowly increasing towards the end of the year, the outlook for the construction industry remains rather downbeat with no prospect of improvement in sight. Particularly worrying are the questions being raised over the government's plan to secure institutional funding for infrastructure projects. We would hope that this scepticism proves to be overly pessimistic, but the responses highlight the sizeable job the government still has to do in convincing industry professionals that this approach is going to deliver."
Construction and Surveying News
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