- 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.”
Katrin Boettger, Senior PR Manager
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