The chancellor’s autumn statement certainly had a large element of support for the construction industry with many announcements regarding infrastructure, housing and schools.
However as with previous announcements the figures are impressive but the devil is in the detail. How and when will the investment come on stream and is it any more than what was promised and has already been cut?
There was some good news in that the education sector that will benefit from an additional £1.2bn. It is also pleasing to see that half of this money will be allocated to projects that will create 40,000 new school places in areas with the greatest demographic pressures.
There is no doubt that we are going to see the tough times continue and must be prepared for them to get worse given external factors such as rising oil prices and the Eurozone crisis.
At least the season of goodwill is approaching and we can all take a break from the doom and gloomy forecasts until 2012.
However as with previous announcements the figures are impressive but the devil is in the detail. How and when will the investment come on stream and is it any more than what was promised and has already been cut?
There was some good news in that the education sector that will benefit from an additional £1.2bn. It is also pleasing to see that half of this money will be allocated to projects that will create 40,000 new school places in areas with the greatest demographic pressures.
There is no doubt that we are going to see the tough times continue and must be prepared for them to get worse given external factors such as rising oil prices and the Eurozone crisis.
At least the season of goodwill is approaching and we can all take a break from the doom and gloomy forecasts until 2012.
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