Delays in public spending hit firms in south England

摘要

Contractors in the South-east and South-west are under pressure due to the credit crunch and delays in spending Government infrastructure funding, according to regional experts. The impact of the credit crunch on private housing and to an extent commercial development has seen a drop off in associated infrastructure work such as roads and drainage in the regions, said Brian Everard, southern regional director for the Civil Engineering Contractors Association. He added: "Large housing developments are all on hold at the moment. It's causing a lot of concern."