The Prime Minister must use his speech today to inject confidence back into the RM&I market with a cut in VAT, says Chief Executive
The Prime Minister is right to call for ‘build, build, build’ but not let’s not forget the need to repair, repair, repair, says the Federation of Master Builders (FMB) ahead of the expected announcement today (Tuesday 30 June) to boost infrastructure funding.
The Prime Minister’s commitment to invest in infrastructure comes at the right moment when builders’ workloads, enquiries and level of employment have all contracted to historically low levels. Data published today by the FMB in its latest ‘State of Trade Survey’, the only survey to track key indicators in the small to medium-sized (SME) building industry reveal:
Brian Berry, Chief Executive of the FMB, said: “The crushing impact of the coronavirus on builders’ workloads, enquiries and employment, as set out by the latest State of Trade data, sends a clear message to the Government that it is right to invest in construction.
"The repair, maintenance and improvement sector contributes 32% towards construction output so it’s important this isn’t overlooked in terms of investment. The pandemic has placed historic constraints on local builders’ ability to work, train, and earn a living.
"The RM&I market, the bread and butter for most small builders, has been the hardest hit. Almost half a million people left the sector as a result of the 2008-9 financial crash. The FMB is determined to avoid a repeat of this devastating blow to livelihoods and the building industry."
Berry concluded: “The Prime Minister must use his speech today to inject confidence back into the RM&I market with a cut in VAT. Investment in infrastructure should mean housing too, making it easier for SME builders to build out small sites and bring empty homes back into use. We need a strategy for supporting the retention and recruitment of apprentices into the construction industry. Without these individuals, an infrastructure revolution will not be possible. In all of this we cannot forget the quality and sustainability of our buildings. A national retrofit strategy will help boost market confidence, and unleash the army of local builders waiting to improve the energy efficiency of our homes.”
NOTES TO EDITORS
About the Federation of Master Builders
The Federation of Master Builders (FMB) is the largest trade association in the UK construction industry representing thousands of firms in England, Scotland, Wales and Northern Ireland. Established in 1941 to protect the interests of small and medium-sized (SME) construction firms, the FMB is independent and non-profit making, lobbying for members’ interests at both the national and local level. The FMB is a source of knowledge, professional advice and support for its members, providing a range of modern and relevant business building services to help them succeed. The FMB is committed to raising quality in the construction industry and offers a free service to consumers called ‘Find a Builder’. Please visit www.fmb.org.uk.
Available for interviews
FMB Chief Executive Brian Berry is available for comment and is extremely experienced at broadcast interviews. Please get in touch to arrange.
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The FMB constantly lobbies Government at all levels to boost output and raise standards of safety and professionalism in construction. To keep abreast of our campaigns and news, and to join the debate, follow us at twitter.com/fmbuilders or like us at www.facebook.com/FederationofMasterBuilders.
Head of Policy and Public Affairs
Federation of Master Builders
M: 07702 902 602