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a recent report has stated that for every pound invested in to the construction industry there is a significant increase in UK economy GDP, below is a snippet from that report.
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L.E.K. Consulting completes first economic impact study for the construction sector
London, 28th October 2009 - A report published today reveals that spending on construction offers significant benefits to the UK economy. According to the report, Construction in the UK Economy: The Benefits of Investment, every £1 spent on construction leads to GDP growth of £2.84.
Produced by L.E.K. Consulting, a leading international strategy consultancy, and commissioned by the UK Contractors Group in partnership with the CBI, the report shows that construction investment provides both short- and long-term benefits - an example shows that the total return to the UK economy of new educational buildings can be calculated at between £3.87 and £5.04 for each £1 invested.
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i hope this helps Scott o'connell
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How does politics affect the banking industry?
Yes, politics greatly affect the banking industry. Government policies affects the economy of a nation which involves its banking industry. An example is the case of the Great recession which affected many banks around the world.
Contribution of industry to national economy?
The industry contributes to the national economy by creating things for consumption.
What is a Industrial based economy?
an economy based on industry
What are the disadvantages of mono economy?
A mono economy, or an economy heavily dependent on a single industry or sector, can be vulnerable to fluctuations in that industry. If the industry experiences a downturn, it can have a significant negative impact on the entire economy. Additionally, a mono economy may lack diversification, which can limit opportunities for growth and innovation. Furthermore, reliance on a single industry can lead to income inequality and limited job prospects for individuals outside of that industry.
How do you think rome's unstable government affected the economy?
No ruler corrupt economy
How did the navigation affect the colonies economy?
The Navigation Acts affected the colonial economy because it made the construction of canals cheaper.
How did the Navigation Acts affect the colony economy?
The Navigation Acts affected the colonial economy because it made the construction of canals cheaper.
Why is chocolate rain such a devastating force?
Because the chocolate industry would collapse overnight and the economy is severely affected.
What are the top construction industry news websites?
world construction today is the leading global construction industry online platform. It covers latest happenings in construction industry, construction industry reports, upcoming construction industry events & conference news.
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The Napoleonic wars affected the development of industry in Europe by halting trade and communication, as well as disrupting the economy because most energy was redirected to war.
Why did a slowdown in railroad construction hurt the economy?
Why did a slowdown in railroad construction hurt the economy
When was Construction Industry Council created?
Construction Industry Council was created in 1988.
What is Construction Industry Council's population?
The population of Construction Industry Council is 10.
What type of industries are included in a traditional economy?
When one defines a "traditional economy" it usually includes manufacturing, construction, farming, and very limited when it comes to "service" industry. In recent years we have moved to a predominantly "service" based economy. The exact opposite of a traditional economy.
What is the Construction Industry AFR target for 2009?
What is the AFR of the construction industry from 2008 - 2011
What fueled the American construction machinery industry in the late 1990s?
In the late 1990s, low interest rates and a booming American economy fueled residential, public, and commercial construction in the United States, which in turn boosted demand for construction machinery and equipment.
What has the author P A Stone written?
P. A. Stone has written: 'The structure, size and cost of Urban settlements' 'Building economy' -- subject(s): Building, Construction industry, Estimates, Management 'Development and planning economy' -- subject(s): City planning, Economic aspects, Economic aspects of City Planning, Urban economics 'Building economy; design, production and organisation' -- subject(s): Building, Construction industry, Estimates, Management
