According to research by Emap Glenigan on behalf of Construction News, 21 projects were shelved in the last full week of October – a staggering 250 per cent rise on the week before.
With a 233 per cent week on week increase in the total value of scrapped projects, Yorkshire & Humberside was the worst performing region in the UK apart from London which recorded £979.5 million worth of scrapped projects.
Between them, the two regions accounted for well over half of the total £2 billion worth of shelved projects for the week.
The overall number of jobs scrapped in the week to October 30 actually fell 2.8 per cent week-on-week. But the £2 billion worth of nationwide jobs shelved represents a 28 per cent value rise.