Unite on collapsing construction figures
04 March 2013
The closely watched CIPS/Markit Purchasing Managers' Index for construction dropped from 48.7 to 46.8 in February – its lowest level since October 2009.
Unite general secretary Len McCluskey said: "Today we have further gloomy news for our economy. These construction figures are surely another signal to George Osborne that his policies are hurting and really are not working.
"Thousands of construction skilled workers are either idle or in insecure work. Yet we have millions in housing need, an overheated private rental sector that costs the nation billions and infrastructure which needs upgrading for the twenty-first century.
"What will it take for George Osborne to get off this path to destruction? Confidence is shot to pieces, his treasured triple A rating has gone and the economy is contracting despite billions in public money being passed to the banks - and all on his watch. His incompetence is now a real danger to our nation."