Irish crisis spreads to UK as McCabe suspends site work

摘要

Work has been suspended on all of troubled Irish contractor McCabe Builders' UK projects after the company's debts were transferred to the Irish government's vehicle for holding toxic property assets. Among the projects affected is the ￡60m Terry Farrell-designed housing scheme in Shoreditch, east London, where subcontractors last month walked off site claiming they had not been paid. The news will intensify UK government fears of "contagion" -that the problems afflicting Ireland's battered economy will have an impact on the UK.