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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 weeks ago

Big tech firms pledge to pay contract staff through the social-distancing period

Emmet Ryan | 2 weeks ago

Further action may be needed to prevent the Irish economy being sunk, particularly when the global economy remains vulnerable

Ian Guider | 2 weeks ago