Counting tower cranes has long been used as a rule of thumb by experts for assessing construction activity and the number of cranes on the UK's skyline has dropped to its lowest point in over two years. That is according to infrastructure experts at international law firm Pinsent Masons, who have described the situation as: "...symbolic of the sharp falls in new commercial construction, deep cuts in capital spending being made by the public sector, and the current lack of positive UK infrastructure policy."
Data obtained by the firm is the latest evidence of a slowdown in construction activity around the UK, following the completion of various projects related to the Olympics, and is likely to cause further concern around the future of infrastructure spending ahead of next month's Autumn Statement.