Whilst the 2013 Budget Statement did not contain policies to stimulate an immediate upturn in the fortunes of UK construction sector, the Construction Equipment Association (CEA) welcomes the “Help to Buy” housing initiative and reallocation of expenditure savings to infrastructure investment.
CEA Chief Executive, Rob Oliver, commented, “The “Help to Buy” move is an imaginative one, but will take some time to stimulate the new build market. An allocation of resource to social housing may have been a better shorter term bet to help the housing sector, but that was politically something that was unlikely to happen. The extra £3 billion a year to be spent on infrastructure investment is welcome, but this doesn’t start until 2015, which may be too late. An immediate spend on something as simple as repairs and maintenance of our roads could have produced a significant benefit in the short term”.
Source: Plantworx