Bad weather and Carillion to send output sinking to six year low

By Dave Rogers and Will Ing2018-07-30T06:00:00

Growth this year will be ravaged by Carillion collapse and bad weather, CPA warns

The collapse of Carillion and the freezing weather earlier this year will see output in 2018 shrink by 0.6%, according to the Construction Products Association.

Brexit and retailers’ high street woes – last week operator Hammerson said next January’s start on Laing O’Rourke’s revamp of the Brent Cross shopping centre in north-west London had been pushed back again – have also played havoc, the CPA said in its summer forecast.

The CPA estimated that Carillion’s implosion and sites being forced to shut down as the Beast from the East took hold in February and March meant £1bn worth of work went down the drain.

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