Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty

Britain’s New-Start Construction Off

LONDON, Sept. 2 (UPI) — New construction orders in Britain were down for the second quarter, led by cuts to school construction and a static house-building market, officials said.

The Office for National Statistics reported new orders were 16.3 percent lower in the second quarter and 23.2 percent lower than in the same period last year, The Guardian reported Friday.

Experts said the fall was based in part on cuts to government school-building and other infrastructure projects. However, economists said private-sector housing starts were quiet and construction of retail outlets and shopping centers had ground to a near halt.

The Guardian said areas in the south and west absorbed the hardest hits.

A survey of construction industry purchasing managers found employment was down for the third straight month. The survey indicated the construction sector was expanding slowly but with lower margins and confidence.

Howard Archer, chief British economist at IHS Global Insight, said information was a double dose of bad news for the construction industry, still slumping because of the financial crisis.

“There can be no doubt that the Bank of England will keep interest rates down at 0.5 percent at the September meeting of [the bank's Monetary Policy Committee] next week and for a considerable time to come thereafter,” Archer said. “Furthermore, pressure is building for action to try and help the economy through more quantitative easing.”

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Britain’s New-Start Construction Off”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at


Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.