Wednesday, January 10, 2018

Construction sector sees largest fall in five years

The construction sector has seen the biggest quarterly fall in output in five years, ONS figures published today have revealed.

Construction output decreased by 2% in the three-months to November 2017, the biggest contraction since August 2012.

Liberal Democrat Leader Vince Cable commented:

"It’s no surprise that the construction sector is being severely impacted by the Government's Brexit plans.

"On top of growing economic uncertainty, the construction sector is particularly dependent on EU workers who are leaving in an ever-worsening Brexodus.

"As the negative economic consequences of Brexit become clear, the public must be offered a way out.

"That is why the Liberal Democrats will keep campaigning for a vote on the final Brexit deal, to take place by December 2018." 
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