Friday, 24 January 2020

‘No Boris bounce for construction in 2020’

The CPA has downgraded its forecasts for total construction output once again amid continuing political uncertainty. A year ago, the CPA was predicting growth of 1.4% in 2020 and 1.7% in 2021. Last summer this was revised downwards to 1.0% and 1.4% respectively. Now it is saying that total construction output in Great Britain is forecast to fall by 0.3% in 2020, before a rise of just 1.2% in 2021.
And that is assuming that HS2 is allowed to go ahead.
No wonder the Mineral Products Association says "Get HS2 Done". This despite the costs ballooning from £30bn to over £100bn, or more. This despite the losses to our natural habitat. Just keep digging up the landscape – says the MPA – that should do it.