Betting on the general election? Think again
April 30, 2015 Leave a comment
There are number of ways of predicting the outcome of the general election and an equal number of ways of being wildly incorrect. Bookmakers across the land are considering the 7th May to be a field day equal only to the Grand National in terms of punter cash finding its way through the betting shop door and not finding its way out again.
The one thing that seems sure is that the outcome is likely to be uncertain with both a three way coalition and a rerun of the election in the Autumn both being seen as possibilities. So, where does that leave construction and building services?
Just as education and the health service are perennials in political manifestos so construction has some constant themes. Although construction rarely makes front page news there are a number of issues that seem likely to make the political headlines. Maybe for reasons of one-upmanship, as in who is promising to build the most houses? It’s the Liberal Democrats, since you ask; who are promising 300,000 new houses a year and an assurance that they’ll all be energy efficient. Or the startling alignment and collaboration between the three main political parties who are promising to work together on climate change, which in itself is surely not a bad thing?
But what of the perennials that effect construction?
Representation at senior levels seemed threatened at one point by questions being asked about the continuation of the role of Chief Construction Advisor, this is now resolved at least for the next two years. However other things are less easy to solve – the impending skills shortage, the delivery of low carbon retrofit and the lurking influence of increasing devolution will all play their part. As will continuing pressure on late payment practices, poor treatment of supply chain and the weakening of centrally funded research programmes.
The uncertainty caused by the impending election has been felt in the slackening of demand for construction since the turn of the year, the recent results of our quarterly consultants survey suggested that there has been a halt in new work as we wait for a new government. This has also been seen in a reduction in the immediate pre-election period of house building starts just at a time when we need to be addressing the national shortfall.
So back to my punt at the bookies, I think I will put my money back in my pocket and find something more predictable to spend it on, maybe something in preparation for the barbeque summer?