Hung Parliament May Delay Construction Sector Recovery in UK

10 May 2010 (Last Updated May 10th, 2010 18:30)

Recovery of the UK's construction industry may further be delayed as lack of a clear winner in the recent general election resulted in a hung parliament. The outcome will offer no clear visibility on the cuts that are to come and it may also delay the outsourcing process and the need to

Recovery of the UK's construction industry may further be delayed as lack of a clear winner in the recent general election resulted in a hung parliament.

The outcome will offer no clear visibility on the cuts that are to come and it may also delay the outsourcing process and the need to establish greater cost efficiency in the sector.

Cenkos Securities Kevin Cammack said a Liberal Democrat/Labour pact will help construction firms in terms cuts, however, policies in relation to planning and housing would be pushed back, according to building.co.uk.

The sitting Labour party's construction minister Ian Lucas and housing minister John Healey retained their seats but Olympic legacy minister Shahid Malik lost his Dewsbury parliamentary seat.