Tag Archives: Housebuilding

House Building

Lord Soley 23/08/2010 – 7:00 am

I notice that £1bn has been wiped of the share value of the UK's seven largest house building companies as a result of the government's programme of cuts. I think this is one of the tests of the economic theory about another recession. The multiplier effect of this and the likely unemployment that follows may well show that we are heading for a another recession.