Commentating on the announcement that the Bank of England is no longer predicting any economic growth in 2012, Steve Murphy General Secretary of construction union UCATT, said: "This announcement yet again demonstrates the disastrous failure of the Government’s economic policies. The Government cannot delay any longer they must invest to boost our stalled economy."

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Mr Murphy, added: "The construction industry has been hardest hit by the Government’s austerity measures. As the industry's biggest client, the Government needs to reinstate large-scale investment, particularly into new build social housing, this would reboot construction and help the entire economy return to growth."

(CD/GK)