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Another One Bites The Dust

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With that level of spelling inaccuracy I gather you must be a C.Eng.

I've never become Chartered, as nobody likes me, and I don't have enough Autism! :blink: :angry:

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Construction companies regularly go bust during a recession but it's not unusual for them to go bust even in good times - even medium sized ones employing lots of people.

Often it's a response to some significant dispute or large claim. Eventually the directors seem to usually end up setting up a new company without liabilities and start trading again.

That company made the Olympic roof (and it would be surprising if it didn't make a hefty profit out of it the project being funded out of public money) so in that connection they've decided it's quite newsworthy. Construction companies don't get bailed out (or bailed in) despite the unfortunate job losses. It might be bought out by some company - maybe from overseas.

Interestingly during the video (2.55mins) one of the commentators (the economist with the son as an apprentice at the works?) said that this is a 10 year recession and as it's only 6 years from 2007 he must mean he thinks it's going to last until at least 2017.

Edited by billybong

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  • 241 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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