Budget reaction

It is almost certainly too early to assess the effect of the budget on the FM sector, the real impact is likely to be clearer when departmental spending is reviewed in the autumn. However, the 25% real terms cut across all departments, except health and international aid, over four years announced today cannot fail to squeeze FM activity in both public and private sectors. By 2014/15 an additional £40bn, over and above the £50bn already planned by the previous government, will be cut from public expenditure.

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