Economic recovery needs local builders, says FMB

In response to ONS data showing that construction output dropped by 5.9%, driven by a 5.1% decrease in repair and maintenance, Brian Berry, Chief Executive of the FMB, said: “To reverse the decline in output a clear plan for recovery is needed that specifically supports local builders. Small- to medium-sized (SME) construction firms operate across the country, and create local training and employment opportunities. They are central to achieving the government’s levelling-up agenda and can help stimulate local growth in the long term. This should be delivered through a national retrofit programme that sets out a plan for upgrading our existing homes. This should be underpinned by a temporary cut in VAT to stimulate demand for these works.”

Picture Credit | Shutterstock