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The construction industry has been particularly badly hit as a result of the credit crunch and the down turn in the housing market. The industry is facing its biggest challenge for many years. The indicators are that many will struggle to survive in the current market, with the Royal Institution of Chartered Surveyors predicting the loss of over 300,000 jobs within the industry and with 52 per cent of SME builders warning that they will be making staff redundant over the coming months. During the last recession the UK construction industry lost over 500,000 skilled jobs, we cannot allow that to happen again.
We feel that current proposals to deal with this desperate situation do not go far enough in tackling the real problems affecting the UK construction industry and the wider housing sector. If the UK construction industry is to have any realistic chance of surviving this recession we believe 10 key issues need to be addressed to kick start the building industry. |