The new Chancellor’s overhaul of the mini-Budget is a positive move to help restore ‘confidence and stability’ in the economy, says the Federation of Master Builders (FMB) in response to Jeremy Hunt’s emergency statement today.
Brian Berry, Chief Executive of the FMB, said: “The building industry won’t be alone in feeling confused and concerned by recent political and economic events. Small, local building firms need the stability and confidence that the new Chancellor has promised today. The commitment to retain the Stamp Duty cuts and the promise to incentivise energy efficiency as part of the Government’s support with record energy prices is encouraging. This latter commitment would be best delivered by the Government backing a national retrofit strategy to make our existing homes more energy efficient which would also have the added benefit of creating jobs and growth in every region.”
Notes to editors
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 Find a Builder service to consumers.
