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

Balfour sells infrastructure fund management business

Sale raises $64m and "simplifies" group
14 hours ago

Graham wins £20m Lincoln’s Inn overhaul

Work starts next month restoring and extending the grade II listed buildings
17 hours ago

Manchester’s tallest skyscraper plan approved

Construction work on major private rented scheme set to start this Autumn
1 day ago

Two weeks left to be named best in construction

Entry deadline extended to July 14 for Enquirer awards: Enter now
22 hours ago

Opinion: Contractors need assurances over EU workers

Construction needs to know it will have the workforce to keep Britain building
1 day ago

Crane hire worker dies in roof plunge

Roofing firm and plant hirer fined £220,000 following skylight tragedy
20 hours ago

McLaren sets sights on sub £10m contracts

Contractor sets up new division to target industrial and retail jobs below £10m
24 hours ago

Four chase £96m Lincoln Eastern Bypass

Work is scheduled to start later this year on 24-month job
1 day ago

Ministers reassure house builders over million homes target

Builders report strong sales continuing despite Brexit
1 day ago

Heathrow third runway decision on hold

Decision will not be taken until October at the very earliest
2 days ago

Tarmac to buy 10 Hope Construction concrete plants

Breedon Aggregates merger with Hope now set for August
24 hours ago

Green light for Ferrybridge £360m power plant

Three-year construction programme to start this autumn creating 500 jobs
2 days ago

Infrastructure cash key to avoiding Brexit hiatus

Civil engineers urge Government to hold nerve on infrastructure and avoid stop-start construction
2 days ago

MPs slam smart motorway plans to lose hard shoulders

Transport committee calls for rethink on £6bn "All lane running" plans
2 days ago

Morgan Sindall bags £39.5m Bournemouth Uni project

Contractor set for University’s Faculty of Health and Social Sciences building project
3 days ago

August start date for Tyneside triple decker roundabout

John Sisk and Lagan Construction JV will deliver innovative A19/A1058 junction upgrade
3 days ago

Mott to build case for Solihull transport hub

Plan for new transport hub to connect Birmingham International with HS2 station
2 days ago

WSP concedes defeat in bid battle for Sweett

Currie & Brown prepares to deliver cost cutting plan at Sweett
2 days ago

Costain boasts record order book at half-year

Tendering levels remain high across main infrastructure markets
2 days ago

Plans lodged for Redrow/Wates Bicester garden town

Developers aims to build 1,500 homes in next 15 years
3 days ago

Green light for Laing O’Rourke Liverpool cancer hospital

Work to start in next few months on new Clatterbridge Cancer Centre
3 days ago

WSP hires Atkins director for Stockport bypass

Feasibility study for the A6-M60 relief road will be led by Nasar Malik
3 days ago

Construction alliance formed for light rail work

Places for Colas, Barhale, Thomas Vale and Auctus as Balfour Beatty misses out
3 days ago

Watkin Jones £100m east London student tower approved

Work to start on Stratford tower at the end of the year despite Brexit vote
3 days ago

Kier wants suppliers for £50m of work near Hereford

Meet the Buyer event this Thursday: Register now
3 days ago

G F Tomlinson scoops £15.9m Nottingham Uni job

Advanced manufacturing building will be constructed at the University's Jubilee Campus
4 days ago

Kier wins bid race for £25m Mackintosh restoration

Kier beats rivals with "extremely competitive" bid for fire-damaged building
4 days ago

Balfour Beatty chief’s wife buys £200,000 company shares

Quinn holding in construction group rises to 0.07%
4 days ago

Willmott Dixon abandons sale of support services arm

Contractor decides to keep division after bidders wanted to break-up maintenance operation
5 days ago

Firm fined £550,000 after two men fall to their deaths

Couple fell through Euston roadside hoarding into building site basement
4 days ago