With the government's announcement that it is scrapping the Building Schools for the Future (BSF) scheme, 715 school rebuilding or refurbishing projects are set to disappear.
As we all know, this country's finances are in a complete mess. Unfortunately, we have to save money somehow and it is now the public sector's turn. This is just the start.
The private sector has been suffering for many years now, and there has to be some parity so one side does not suffer more than another.
With talk of strikes over the cuts, we are all in for a difficult ride as it is ultimately the public that is hit by both sides.
But that aside, spare a thought for all those private companies that had invested heavily in BSF. Firms like RM and Ramesys (bought by Capita) invested hundreds of thousands in BSF teams, and it was just starting to pay dividends.
Now it has been cruelly snatched away.
Sara Yirrell is editor at CRN. Contact her.
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