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23Aug91 UK: RECESSION HITS HARD CONTRACTORS DEPENDENT ON SOUTH EAST WORK.

The factor which distinguishes this recession most vividly from previous slumps is the extent to which London and the south east are suffering.We know housing starts in the south east fell by around 30 per cent last year against a national drop of 22 per cent. Now, fresh figures from the Department of the Environment show the value of new orders in the region won by contractors fell 21 per cent in cash terms in the second half of 1990.The impact of this on contractors has been all the ...

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