There are troubling signals for contractors in the construction industry as Carillion is forced into liquidation and sector output dips dramatically.
Contributing £90 billion to the economy each year, the construction sector is one of the largest in the UK. It is highly reliant on self-employed workers, with 800,000 of the 2.9 million people working in construction self-employed.
Carillion, the second largest construction company in the UK, went into liquidation on Monday after the company’s banks refused to lend it more money.