Norman Lamont speaking at a conference organised by the International Network for Traditional Building, Architecture and Urbanism.Source: Richard Ivey
Former chancellor of the exchequer was speaking at INTBAU conference
The former chancellor of the exchequer Norman Lamont said he is “very optimistic” about the future of the architectural profession despite last week’s announcement that Britain is in a double-dip recession.
Speaking at a conference organised by the International Network for Traditional Building, Architecture and Urbanism (INTBAU) Lamont — who worked under Margaret Thatcher and John Major — said that despite the financial crisis “economies have a tendency to grow”.
“Our economy is not isolated…and there will be new buildings and transport systems. They might be in other parts of the world, but there will be work for star architects,” he told the conference, which had the theme Architecture in the Age of Austerity.
Lamont, who revealed his favourite building is Lincoln cathedral, added that the Eurozone crisis posed the biggest threat to the future of Britain’s economy because “you can’t have a single currency with not just one government”.
His comments come just days after the Office for National Statistics announced that the UK economy shrank by 0.2% in the first quarter of 2012, dragged down by a decline in construction of 3%.