Think positive, say building materials makers
Published: 15 November, 2010
LONDON: The building industry should respond positively to the recent cuts in public spending, said Construction Product Association's chairman, Bill Bolsover.
In a reverse of previous dire warnings about prospects for the building industry, he said: "We can make up from the private sector far more than we are losing from the public spending, given the many major projects that have to be delivered."
Speaking at the Construction Product Association's Autumn lunch, Mr Bolsover said that even though £25bn was expected to disappear from public capital spending on construction over the next four years, this was "only 6%" of construction spend, and most companies in the industry had to adjust to reductions of much more than this over the last couple of years.