PROPERTY FINANCE
BRITAIN PREPARES FOR RECOVERY WITH CONSTRUCTION IN THE ENGINE ROOM. PAUL OBERSCHNEIDER Founder Hilltop Credit Partners www.hilltopcreditpartners.com
It comes as little surprise to hear that the UK economy has just experienced its greatest contraction since the Winter of Discontent in 1979. Frankly, I would have expected to go back to the 1940s for such a grim comparison but that’s still a pretty uncomfortable stretch. Boris has just announced a £5bn spending spree on infrastructure projects
048 – Qandor – Issue No. 5
– historically the go-to sectors to give struggling economies a shot-in-the-arm: road, rail, comms and construction. In his “Build, Build, Build!” speech, Boris specifically brings the spotlight onto the housing industry as, arguably, the key driver of post-Covid recovery. Several routes for building recovery It’s little wonder attention has fallen onto construction. Contributing 8.6% of GDP in 2018, the sector is valued at £413bn –
