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

Contractors “draw a line” under blacklist scandal

Eight industry giants reach compensation settlements with workers
19 hours ago

New boss at ISG as CEO David Lawther steps down

Paul Cossell becomes new CEO as contractor prepares for life under new private ownership
19 hours ago

Mace downgrades tender price forecast

Cost consultancy arm warns clients are less confident about future projects
1 day ago

Worker killed by crane on Queensferry Crossing

Unions demand full enquiry into tragedy on Workers’ Memorial Day
2 days ago

New housing registrations fall 9%

Slowdown in new home registrations ripples out from London to Midlands
1 day ago

Birmingham 600-flat Exchange Square scheme approved

Work to start this summer on first of three blocks rising to 26-storeys
1 day ago

Morgan Sindall signs £300m deal with Basildon Council

15-year repair and maintenance deal signed for council housing and corporate buildings
1 day ago

Warrington town centre’s £107m revamp approved

Work to start once temporary market is built later this year
1 day ago

Highways England hires DfT finance chief

Vanessa Howlison joins highways body in June
1 day ago

Subcontractors wanted for East London and Essex sites

Host of work opportunities at Meet the Buyer event next week: Register now
1 day ago

T&A Kernoghan goes into administration

Suppliers owed thousands as all staff made redundant
2 days ago

Betting Spy: Sunderland need the win more than Stoke

It's all about desire at this stage of the season and Stoke seem in their Speedos already
2 days ago

Balfour Beatty fights to clawback £10m on Torquay flats job

Balfour left with the bill for award-winning Abbey Sands apartments after developer collapses
2 days ago

Network Rail hives off property firm for £1.8bn estate sale

Standalone business will speed-up decision taking and focus on land for new homes
2 days ago

Con-woman prosecuted for using fake skills cards

West Midlands business woman caught in crackdown on fake skills cards
2 days ago

London mayor approves £1bn Docklands resi schemes

Major tower and printworks redevelopment residential scheme approved
2 days ago

Roofer fractures skull repairing construction company HQ

Worker plunges seven metres while installing new rooflights
2 days ago

Galliford Try secures £30m Salford urban vision deal

Infrastructure arm bags three civils framework deals in the north east during April
2 days ago

Civils contractors see steep fall in roads work

Government called on to turn infrastructure promises into work on the ground
2 days ago

Construction pay talks hit stalemate

Employers and unions unable to reach a deal covering 500,000 workers
3 days ago

Contractor services