Scottish confidence takes a hit

By Iain Withers2011-10-14T00:00:00+01:00

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SNP spending review rocked the industry

锘縎cottish construction confidence has taken a dive after the Scottish National Party鈥檚 (SNP) controversial spending review last month.

Confidence north of the border fell 13 points during the last quarter to minus 19 (the survey base is 0), after three successive quarters of recovering confidence, according to a survey by the Scottish 好色先生TV Federation (SBF).

SBF chief executive Michael Levack blamed the SNP鈥檚 spending review for the drop in optimism, which includes policies such as a hike in business rates to raise 拢850m over the next three years.

Levack added builders were worried about the Scottish government鈥檚 commitment to capital spending, despite the SNP鈥檚 pledge to 鈥渟queeze every penny out of every pound to inject [鈥 in new infrastructure鈥�.

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