The Independent say infrastructure spending fell 23% in July compared to June and to July 2015 (HERE).
Michael Dall, lead economist at Barbour ABI, said that the economic uncertainty following UK’s vote to leave the EU could be discouraging investors from spending on infrastructure projects.
“In the first full month since the vote to leave the European Union, the value of construction projects reaching contract award stage declined in July. This is unsurprising given the uncertainty in the economy,” Dall said.
I am not sure one month's figures show anything at all and they may rebound or even increase if the government decides a fiscal stimulus is needed in the way of public contracts. But cancelling Hinckley Point may have the opposite effect.
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