Comparison of construction downturns – ONS

These statistics from the UK’s ONS are WELL WORTH A READ. Check it out!

Comparison of construction downturns – ONS.

However, I think that the explanation for the construction industry‘s exceptional weakness in this downturn is wrong. The construction industry has been savaged because of excessive austerity and large banks not functioning effectively.

To turn this to a positive open question:

Is the UK going too see a construction boom on the back of government guarantees for home loans?

Any thoughts?

Enhanced by Zemanta