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Business secretary Vince Cable has promised to give the construction industry a boost after calling the sector the "weak link in the economy".
Speaking on BBC Radio 4's Today programme, the Liberal Democrat said the government was "putting measures in place" to deal with the slump in construction output this year, Construction Enquirer reports.
He also dismissed the suggestion that the government's austerity measures were to blame for the dip, which has contributed to a recent 0.7 per cent drop in gross domestic product.
"The main reason the construction industry is depressed is because there was an enormous property bubble leading up to 2008," he explained.
“We're dealing with the legacy of a decade of a property market that got out of control."
Overall, the volume of construction output decreased by 7.4 per cent year-on-year in the three months to May 2012, according to the latest Office of National Statistics figures.
Author: Editor Gavin Pearson (gpearson@acenet.co.uk or 0207 202 0255)
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