United Kingdom

Details

  • Industry: Infrastructure, Building and Construction
  • Type: Press release
  • Date: 11/03/2013

House building would be fastest-acting pain relief for UK’s economic headache 

  • Uplift in house building would trigger huge wave of income throughout supply chain

 

Richard Threlfall, KPMG’s Head of Infrastructure, Building and Construction comments after the CBI has called on the UK government to build more homes in order to boost growth:

 

“House building would indeed be the fastest-acting pain relief for our economic headache. We need more houses – the average age of a house owner in the UK is now 37 – but no developer is going to launch into a speculative build if they can’t be sure of selling the house afterwards, which is why the Government needs to continue to support the market with UK Guarantees and other initiatives to reduce the development risk. With thousands of plots, often with planning permission already granted, spread all over the country, an uplift in house building would trigger a huge wave of income throughout the supply chain from bricklayers to plumbers, roofers to landscapers. Research suggests that every £1 spent in construction drives £2.84 in economic growth.”

 

-Ends-

 

 

Media Contact:


Katrin Boettger, Senior PR Manager 

Tel: +44 207 896 4232 / 0782 4475168

Email: katrin.boettger@kpmg.co.uk

 

About KPMG:

 

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff.  The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  KPMG International provides no client services.

 

 

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