The Budget must build confidence and investment
Summary
The article argues that the Budget should provide clearer long-term support for construction, with particular concern about fuel costs, investor confidence, and the burden of taxes and regulation. It also highlights the need for balanced employment policy, skills development, and reform of red tape affecting the sector.
Why it matters
Residential property surveyors rely on a stable construction sector for new-build delivery, repair work, and supply-chain resilience. Changes in regulation, labour availability, and contractor viability can affect project costs, timelines, and the condition of the housing stock.
Key points
- Construction costs and investor confidence are being affected by fuel prices.
- The sector is facing insolvency pressure and supply-chain fragility.
- The article calls for long-term incentives and more predictable policy.
- Skills, training, and retention are presented as key sector priorities.
- Red tape, ecology levies, and taxes are described as increasing operational burden.
Organisations:
O’Brien Contractors, Construction News
Locations:
England and Wales
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