Builders in fresh plea to lead recovery

Grant Prior 5 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

Specialists land first trade packages at huge Berkeley site

Main construction starts on 88-acre Southall Waterside site
9 hours ago

Electrification plans scrapped on three major rail routes

Contracts worth millions axed as Government switches focus to new train technology
10 hours ago

Project delays dent Clugston results

Contractor confident about future prospects following a "challenging" year
14 hours ago

UK drags Skanska Europe into £40m loss

Skanska chief aims to cut operational costs and tighten risk management
18 hours ago

McLaren set to bag £45m Lakeside extension

Contractor beats off McAlpine, ISG and Sisk to take Essex retail deal
19 hours ago

Demand grows for immediate revamp of building regs

Local council chief attacks BRE, contractors and manufacturers for not sharing previous fire test results
18 hours ago

Canary Wharf Contractors pays £11,000 tax on £70m profit

Company offsets £13.9m Corporation Tax bill against losses at other group divisions
1 day ago

Mount Anvil plans 1,000 flats in London Royal Docks

Deal with London ExCel centre paves way to build block of apartments
19 hours ago

Consultant RLB stages mass raid on Mace managers

Five senior figures jump ship to join rival
2 days ago

Ministers reject client levy option in Farmer Review

Government backs most calls for reform but stops short of 0.5% charge on clients
1 day ago

Construction and fit out boost profits at Morgan Sindall

Contractor bucks recent sector trend by telling City to expect higher than predicted profits
2 days ago

Lendlease ordered to pay £14.8m for city tower falling glass

Cladding contractor to pick up bill after 15-foot glass pane fell from 17th floor
2 days ago

Civil engineers act to avert Grenfell-style disasters

ICE launches review of lessons from tower tragedy to avoid infrastructure failures
2 days ago

Man killed in derelict church collapse

Tragedy at Cardiff site where old church was being demolished
2 days ago

CH2M and BDP to lead revamp of Parliament

Firms to assess scale of work needed ahead of potential £4bn restoration
2 days ago

Wates southern boss joins Midas

Peter Whitmore charged with growing turnover in the south to £100m
2 days ago

Willmott Dixon wins £24m laser testing centre

Another major win for contractor at Harwell Science Campus
2 days ago

HS2 confirms shortlists for new stations

Design teams battle to win trio of stations as development partners fight for major Euston site
3 days ago

Willmott Dixon starts redundancy talks as divisions merge

Contractor confident most housing staff will be redeployed during merger into main construction arm
3 days ago

Tower crane drivers hold ballot over summer strikes

Unite warns of widespread project delays as dispute with HTC Wolffkran intensifies
3 days ago

Government confident Carillion JV will deliver HS2 deals

Rail chiefs seek guarantees from joint venture partners
3 days ago

Site start next month for £70m Broadgate revamp

Facelift for 1 Finsbury Square as tech firm Mimecast set to move in to financial hub
3 days ago

Torsion keeps growing on back of contract winning streak

Turnover set to hit £38m as staff numbers rise to 71
3 days ago

Winners revealed for £6.6bn HS2 Phase One

Contracts bonanza as big names bag string of huge civils deals
4 days ago

Carillion calls in accountant EY to cut costs

Carillion adds to raft of financial advisers as crisis contractor overhauled
4 days ago

T Clarke recovers £1.4m of fraud cash

Building services giant reaches out-of-court settlement with cheating former employee
4 days ago

Contract race starts for new £58m link road

Bidders wanted for major civils job in Cheshire
4 days ago

Bouygues and McGee dig one of London’s largest ever holes

Excavation for new cancer centre is big enough to contain the Royal Albert Hall
7 days ago

Wates chosen by Orbit for £73m estate revamp

Residential arm to work on latest estate rebuild in south east London
4 days ago

Skanska UK takes £33m hit on projects

Project delays and slow production rates hit UK contractor operations
7 days ago

Contractor services