Budget offers industry little cheer

Article Abstract:

The construction industry has welcomed moves in the UK government's 1995 budget to bring private finance into the health, prison and road sectors. However, the budget is generally seen as having done little to help the construction industry. There are fears that private finance will not be sufficient to balance out public spending reductions, and industry leaders are disappointed that the government has made no move to directly assist the housing market.

Economic aspects

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Mowlem restructures, losing 700 jobs

Article Abstract:

Mowlem is to invest around 17.8 million pounds sterling in a reorganisation programme which will lead to 700 jobs being shed. It will close down its BauTec operation in Germany, the M and E section of its engineering division and the Paris-based division of scaffolding operation SGB. It will now focus on facilities management, scaffolding and UK contracting.

Management, John Mowlem and Company PLC

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Lambeth fraud probe sparks review

Article Abstract:

Lambeth Council is soon to consider recommendations for a new system of letting contracts and subcontracts. This follows an independent inquiry into claims of fraud and corruption in the council's direct labour organisation. The inquiry's report calls for urgent action to investigate the financial background of contracts on the council's approved list.

Standards, Contractors

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