The Budget announcement on the whole was positive for the North East, with some great news for Redcar and our transport infrastructure. Initial reaction is that there was some good news for the Construction sector, but more could have been done.
Uncertain headlines, where more detail is required to truly understand the impact:
One other item of note is that stamp duty changes will impact residential property prices…so perhaps more money to be spent on home improvements.
The 90% fall in Carrillion’s share price in the last year shows difficulties within the construction industry, as seen regionally with the loss of Owen Pugh in the last few months. Perhaps more could have been done to help the construction industry.