Double General Election poses major threat to construction
A second General Election could occur if the government fails a motion of no confidence without an alternative being put forward.
Analysis of data going back to 1955 by SCAPE shows construction output collapsed the last time there were two elections in a year – in 1974.
Construction sector output dropped by one per cent in the three months ending March 1974, when the first election took place and by four per cent in the three months ending December 1974 – when the second took place. It marked a turn in fortunes for the sector which had seen output expand in the 18-months prior.
Related News & Blogs
Be bold, think differently, be clear on objectives: how can local authorities create fit-for-delivery development schemes?
As the Government focuses on ‘levelling up’ with investment funds available for infrastructure...
Single stage vs two stage tendering
In difficult times, it is easy to understand why construction contractors may cut prices to win...