Budget 2020: Sector to finally reap benefits of construction-friendly announcements
Sector to finally reap benefits of construction
Jan Crosby, UK head of infrastructure, building and construction at KPMG comments, on Sector to finally reap benefits of construction-friendly announcements.
“In a Budget that was inevitably focused on measures to protect the economy against the spread of Coronavirus, contractors will be pleased the chancellor also found space for some construction-friendly announcements.
“But the key here will be to actually “get it done”. This extra money for UK roads, affordable housing and the country’s health infrastructure will finally allow contractors to put shovels in the ground.
“The focus on more affordable housing and re-assessing the planning system are sensible approaches to facilitating the delivery of more mixed tenure housing on sites, increasing housing delivery as a result.
“Contractors were waiting for the green light on the levelling-up agenda and for Government to put its money where its mouth is when it comes to bridging the north-south productivity gap. That said, firms face an anxious period as they wait to see what impact Coronavirus will have on the sector and the wider economy.”
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