Entries from CJ Construction Blog tagged with 'credit crunch'

Contractors must pray for a late election

The current political turmoil presents contractors with Hobson's choice about who to back in the battle to run the country. Should contractors support a floundering government as it lurches from crisis to crisis, or call for an early general election in...

PFI offers fast route to recovery

The green light for funding the £6.2bn M25 widening is the clearest signal yet that some normality is returning to the PFI/PPP market. Coming hard on the heels of the £3.3bn Manchester waste project, there is now a sense that the banks have regained their appetites...

Re-open our credit lines

In the next few weeks we will hear a lot about what Alistair Darling should be doing to stimulate construction work in his Budget. Yet with growing consensus in the business world that Britain is already spending too much, it...

Credit where it's due

The story of the collapse of Wrekin is beginning to read like an Agatha Christie whodunnit. Was it RBS that struck the final blow as the death knell sounded, or did a mysterious, highly-prized ruby have anything to contribute to...

More contractors face ruin if banks keep refusing credit

A few weeks ago Contract Journal highlighted the plight of thousands of cash-starved contractors facing ruin because banks have frozen credit lines and closed overdraft facilities. This week that funding crisis has ratcheted up a painful notch as we report...

The CBI Construction Council faces its first big challenge

This week the great and good of construction sit down for the inaugural meeting of the CBI Construction Council. The auspicious gathering hopes to bury old rivalries in order to lobby government with a unified voice. It is a worthy...

Construction must pressure government on spending

Amid the financial turmoil and understandable fear of recession, it is all too easy to lose sight of the current state of the construction industry. Yes, firms working for private house builders were dealt a shuddering body blow. But it...

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