Shaky foundations
Tony Garner of credit insurer Atradius predicts a tough time ahead for the construction sector in 2004
The construction industry is currently one of the success stories of British business. A thriving sector driven by a buoyant housing market and massive public spending, UK construction is now worth around £75bn a year.
However, 2004 could be a much bumpier ride for building, in the light of a slowdown in house-price rises and the Chancellor's decision to rein back some investment plans. A picture is also emerging of varying fortunes across different regions and within the various construction sub
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