Richard Threlfall, UK head of Infrastructure, Building and Construction at KPMG, comments on the Government’s announcement to boost house building with a £10 billion guarantee scheme:
“The industry will welcome the Government’s recognition that short-term economic stimulus is best driven by boosting the housing market. £10bn of guarantees for the debt of housing associations and private sector developers should make a material difference, provided delays in planning are not allowed to get in the way.
“Investment in the UK’s infrastructure is critical to our long-term economic competitiveness. But in the short-term we need an antidote to our economic woes. Investment in our housing offers the fastest-acting painkiller for the headache of a sluggish economy.”
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