Digging economic holes rather than setting foundations for growth

Back To All Blogs
Posted By
site_admin
06/06/2013

BWF Chief Executive, Iain McIlwee today comments on Ed Milliband's speech in Newham this morning

“Today Ed Milliband sensibly made the link between structural budget issues related to benefits and housing and in doing so made perhaps the clearest and loudest call to invest in housing that we have heard in recent times.

According to Mr Milliband, for every £100 we spend on housing, just £5 is invested in bricks and mortar and £95 goes on housing benefit – this is a complete reversal from 30 years ago when £80 of every £100 was invested and flags up how we are digging economic holes rather that setting foundations for growth.

Housing investment will stimulate growth, of this there is little doubt – indeed virtually all leading lobby groups are screaming out for government to find ways to stimulate investment in housing.  This investment fuels growth, not just in the direct construction projects, but through the entire supply chain, including construction products, the majority of which are supplied by UK manufacturers.  The knock on benefits are huge.

Current policy is not enough, it is merely tickling the edges whilst direct public investment in building houses continues to dwindle.”

BWF describes here why construction should be a jewel in the crown, not a diamond in the rough

Posted By
site_admin
Proud to be part of
Member of Construction Products Association
National Specialist Contractors Council
Passive Fire Protection Federation
CITB
The Alliance for Sustainable Building Products