Construction industry one of the big losers in budget

ALREADY on its knees, Ireland’s ailing construction industry was one of the biggest losers from Tuesday’s budget.

In one of the harshest budgets in decades, spending cuts on vital capital projects dealt a massive blow to an industry now shedding jobs at a rate of knots.

There will be a reduction of 8% — or e150 million — of the total budget for road construction. This will apply mostly to regional and local roads.