by Richard Cosgrove | Thu 27 Mar 2025
CPA Reacts to the Chancellor’s Spring Statement
Following Chancellor Rachel Reeves’ Spring Statement earlier today, Steve Mulholland, Chief Executive Officer of the Construction Plant-hire Association (CPA) said: “Today's Spring Statement has failed to address the challenges facing the construction sector arising from the National Insurance hike and proposed reforms to inheritance tax. These changes threaten the existence of thousands of family-owned businesses in the construction sector.
“Next month’s National Insurance hike will make it more difficult for family-run businesses to recruit and tackle the skills crisis, while changes to inheritance tax could force many to sell up just to cover the tax bill.
"If Labour truly wants to drive growth it must urgently reconsider its approach and assess the real-world impact of these changes. Family firms are the backbone of the construction industry, so if the government wants homes built and infrastructure projects delivered on time, it has to support those independent, family-run companies doing the actual work.”
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