Builders in fresh plea to lead recovery

Grant Prior 4 years ago
Share

The Federation of Master Builders is urging the Government to let construction lead growth in the economy as latest figures show the industry dragging GDP down into recession.

brian berry

Brian Berry Chief Executive of the FMB said: “Steps the Government could take now to stimulate construction to help create jobs in the economy should include abandoning its plans to introduce VAT on heritage building; cut VAT on property repairs; take action on banks that discriminate against construction firms and their clients; open up public sector procurement to small firms; and introduce meaningful incentives to drive private domestic retrofitting.

“The Government will find it very difficult to get sustained growth in the economy while the construction industry remains depressed.

“Construction is essential to the well being of the wider economy because of the variety and quantity of job its creates from apprentice bricklayers to world leading architects.

“It’s a sad fact that the building industry has been in recession for four years with little hope of any immediate recovery.

“Until we get builders building again the economy is not going to recover.

“The construction industry holds the key to recovery which is why the Government needs to invest in capital projects rather than just focusing its attention on budget cuts.”

Judy Lowe, Deputy Chairman of CITB-ConstructionSkills, said: “Construction is fundamental to the health of the UK economy, contributing 8% to GDP, so its performance has a significant impact on overall growth.

“The Government’s recent investment in infrastructure is welcome but that takes a long time to convert to jobs.

“We need greater investment in other areas of the industry, in refurbishment, homes, hospitals, schools and the Green Deal.

“Construction can offer a route out of recession – every £1 invested in the sector returns £2.84 to the economy – but investment is critical and is needed now.”

Latest news

Apple signs major office deal at Battersea Power Station

Computer giant to occupy six floors in the boiler house
4 hours ago

Scotland switches to project bank accounts

From November new building projects over £4m and civils projects over £10m required to use PBAs
11 hours ago

Crossrail builders face two mile trek to the toilet

Anger grows among workforce over site welfare standards
11 hours ago

U+I targets four ‘huburbs’ for 1,000 rental home plans

Ashford, Maidstone, Swanley and Woking schemes worth £250m
11 hours ago

Time to reward construction’s top teams

Only a few tables left for Enquirer awards night after 11,000 people voted for Top Ten winners
11 hours ago

Plan unveiled for £60m UClan Preston gateway

University of Central Lancashire reveals winning design for new student support centre
12 hours ago

AFC Wimbledon cleared to build new £16m stadium

The Dons and Galliard Homes set to go-ahead with 11,000 seat stadium and 600 homes
12 hours ago

Wolseley to close 80 branches axing 800 jobs

Plumbing and builders' merchant chain to streamline UK business
1 day ago

Wates links-up with Trafford Housing Trust to transform eysore

First scheme for new joint venture in the North West
1 day ago

Skanska to start next £70m phase of Helical Bar Old Street site

Skanska confirmed on The Tower at The Bower originally earmarked for John Sisk
1 day ago

Green light for next King’s Cross offices phase

Major 500,000 sq ft crescent-shaped office scheme approved
1 day ago

Newlon starts race for £200m new-build framework

London housing association plans to build 2,000 homes by 2022
1 day ago

Aldi to build 70 new stores next year

Budget supermarket chain aims to invest £300m in UK stores
2 days ago

Morrison Utility Services promotes Jim Arnold to chief executive

Charles Morrison steps up to become chairman of utility contractor
2 days ago

SES wins £43m M&E job at military rehab centre

M&E works secured at Defence and National Rehabilitation Centre at Stanford Hall
1 day ago

Crossrail faces demo over “missing” pay

Civils operatives claim high tech site access system is not registering all hours worked
2 days ago

J S Wright lands £4m building services package

Specialist to start in December on Brentford resi site
2 days ago

Wates appoints B&K director to head Midlands team

John Carlin joins Wates after 24 years with Bowmer and Kirkland
2 days ago

Green light for £200m Manchester Kampus scheme

Demolition work to start this Autumn for 500 private rented flats project
2 days ago

Arup blames Brexit for planned job cuts

Consultation starts on redundancies at London building division
3 days ago

Surrey Uni seeks builder for £34m student hall

More student accommodation planned after O'Hare & McGovern bags first scheme
2 days ago

Focus on Northern homes pays dividends for Gleeson

Owning a Gleeson home "cheaper than council house rent"
2 days ago

BBC starts hunt for contractor to rebuild Eastenders set

Procurement race starts for £15m revamp of Albert Square
5 days ago

London South Bank Uni unveils £500m development plan

University starts hunt for developer to deliver 10-year plan
3 days ago

Lakehouse job losses could hit 170

Redundancy programme continues at Essex contractor
5 days ago

Contractor hunt starts for £185m mixed-use Manchester job

Green light from planners for twin resi towers and office block
6 days ago

Mobile crane explodes causing fireball on M40

Highway contractors are planning to resurface the damaged part of the M40 today
6 days ago

Morgan Sindall on recruitment drive for £750m highways deal

Recruitment events in East Anglia next week: Register now
5 days ago

John Sisk front runner for £28m Manchester PRS flats

Finance secured for developer Mulbury's 135-home Port Street project
5 days ago

Near-miss for Crossrail workers as train hits power cable

Investigation launched after construction train rips electricity panel from tunnel wall
5 days ago