Construction industry hit by public spending cuts
The construction industry was hit last year by public spending cuts and a lack of investment in the private sector, according to a report from the Construction Skills Network.
– Judy Lowe, SpokeswomanBy 2017 construction output will still be 12% down on its 2007 peak, and employment 17% down on its peak in 2008.
We don't anticipate the industry returning to its former levels until at least 2022, meaning this will be one of the most difficult periods for construction on record.
The report added that recruitment is set to run at under 30,000 a year from now until 2017, to fill vacancies arising from workers leaving.
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