About 17% of the Scottish work force is employed by the housing, construction, and finance industries, according to a study released Oct. 25 at the Council of Mortgage Lenders-Scotland conference in Edinburgh.Commenting on the research, CML policy consultant Kennedy Foster said, "The finance and construction sectors make a major contribution to the Scottish economy, but there are challenges for both the private and social housing sectors, including housing underinvestment and regional imbalances. Investment is needed in financial services to ensure the industry remains competitive in an increasingly global market." The CML can be found on the Web at http://www.cml.org.uk.

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