Labour warnings on public finances has crushed hopes of a post-election bounce, T&T Alinea says

By Tom Lowe2024-11-25T12:42:00

Consultant said there had been “no material change in the market” since the summer despite hopes of a return of confidence

The Labour government’s repeated warnings about the state of the public finances have dampened any hope of a post-election bounce for the construction industry, Turner & Townsend Alinea has said.

The consultant’s latest London market report said the economy is expected to have lost momentum over the second half of this year despite expectations that falling interest rates, more stable material prices and an energised new government would lead to renewed confidence in the sector.

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