The OBR forecasts clearly highlight the challenges facing the UK economy over the next couple of years. A central assumption of GDP growth of just 0.7 % will result in unemployment rising in 2012 to its highest level since the mid 1990s; which clearly represents a significant threat to the real estate sector. There are of course no easy fixes to what are deep structural problems in the economy but for all the talk about infrastructure being a key part of the plan for growth the total amount of new funding in the area for the forthcoming financial year is a meagre £760m. Read More
