Saturday April 4, 2020

British building sector weakened ahead of referendum

Surveys suggest figures will worsen after Brexit outcome

12th August, 2016
British firms put off spending plans, hitting construction. Pic: Getty

Construction in Britain shrank for a second month in June and there are signs of worse to come as firms put spending plans on hold following Britain’s shock decision to leave the European Union.

The volume of output fell 0.9 per cent following a 2 per cent drop in May, the Office for National Statistics said today. Output declined 0.7 per cent in the second quarter, more than initially estimated.

Both new work and repairs and...

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