Budget delivers welcome measures for construction industry
Author: ross sturley cimcig
Today’s Budget includes a few specific measures that will be welcomed by the construction industry, including funding for a further 110 free schools and the allocation of £103 million to tackle pinch-points in the national road network in the midlands and the north of England, says Glenigan.
However, the stronger growth forecast for the UK economy to 2% in 2017 is likely to have a greater positive impact upon the industry’s fortunes over the coming year.
Labour supply and skill shortages have long been a major concern for construction; an issue that has been thrown into sharper relief following the Brexit vote. The Government’s efforts to raise the status of vocational training, with the introduction of T-Levels, are a welcome step towards tackling this long term issue.