Feb
17

CLC urges gov't to make key interventions in building sector ahead of next budget

The Chancellor has announced that the next Budget will take place on 3 March 2021, after having moved it from Autumn 2020 due to the coronavirus pandemic. Clearly, it comes at a very difficult time as the economy deals with the fallout from the pandemic and Brexit. Indeed the Office for Budget Responsibility indicates the country has seen “a steeper decline than experienced in any quarter during the financial crisis or in any post-war recession”. Keen for the government to appreciate how the building industry has helped and can continue to support the economy in these difficult times, Andy Mitchell, co-chair of the Construction Leadership Council has written an open letter to Rishi Sunak. Recognising the support and guidance the UK government has given the industry in keeping sites open, he urges the chancellor to consider some key interventions to continue to build growth and confidence in the sector. These include; committing to a national retrofit strategy, extending the stamp duty holiday and the extension of employer apprenticeship incentives. Read the full letter here.