Train4TradeSkills News: Construction boss urges government to unlock £5bn war chest
The Chairman of the Construction Products Association has called on the government to kick-start the economy and the construction industry by “rebalancing” spending cuts.
Bill Bolsover has urged the government at a House of Commons reception this week to rebalance the economy, which would make way for a £5 billion package of investment which could go towards essential infrastructure.
Capital expending is being cut significantly over the next few years (from £61 billion now to £42bn in 2015), which current expenditure is expected to rise over that period. Mr Bolsover said by refinancing the plans it could increase investment in the construction industry give it the boost it needs.
Mr Bolsover also highlighted the Government’s Green Deal and what they need to do to ensure it is a success.
“The government must do more to support the proposed Green Deal programme.
“Through this scheme it is hoped that some 14 million homes across the UK will be improved by the early 2020s.
“The stimulus to the economy and the benefits to our industry would be huge, however without some fiscal incentive this will not happen.”
One of such ways suggested for the Green Deal to work is a cut on VAT to 5% for all Green Deal projects and materials, which the government is yet to decide on.
What do you think – is the government likely to help out the construction industry and make more money available? Let us know and share your thoughts by commenting below:
- Train4TradeSkills News: Calls to cut Green Deal VAT (train4tradeskills.wordpress.com)
- Train4TradeSkills News: Is the Green Deal going to be a failure? (train4tradeskills.wordpress.com)
Posted on October 21, 2011, in construction jobs, construction news, Electrical News, Plumbing News, Renewable Energy, t4ts, train4tradeskills and tagged bill bolsolver, Bolsover, Business, construction, Construction Products Association, green deal, Value added tax. Bookmark the permalink. Leave a comment.