News

CEA response to the Chancellor’s Spring Statement

“Labour’s ambition to fix the planning system and unlock housebuilding is positive in principle – and the OBR’s suggestion that reforms could take us to a forty-year high in delivery is encouraging. However, much of what was discussed today has already been announced, and there was very little new information for the construction equipment sector. 
 
The commitment to build 1.3 million homes and bring the target within ‘touching distance’ of 1.5 million is ambitious, and we continue to monitor this pledge. The £600 million to train 60,000 construction workers and set up ten technical excellence colleges is a step in the right direction, and we will work to ensure this is delivered and aligned with industry needs.
 
Our members need practical support – clear timelines, a stable pipeline of work, and a commitment to UK manufacturing. Construction Equipment is key to these deliverables, as is the battle against equipment theft, which is a clear strategic threat to these ambitious growth plans.
 
The good news was no further tax rises – but the sting for businesses came earlier this year, with increased national insurance. The real test will be the autumn budget. Viki Bell, Director of Operations at the CEA  (Construction Equipment Association)

Subscribe to Earthmovers digital version here