United Kingdom

Details

  • Industry: Infrastructure, Building and Construction
  • Type: Press release
  • Date: 03/09/2012

UK’s housing market offers fastest-acting painkiller for economic headache, says KPMG 

 

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.”

 

Ends

 

For further information please contact:

 

Arti Mohan, Corporate Communications

Tel: 020 7694 8735

Mobile: 07768 858 085

Email: arti.mohan@kpmg.co.uk

 

KPMG Press Office: 020 7694 8773

 

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 11,000 partners and staff.  The UK firm recorded a turnover of £1.7 billion in the year ended September 2011. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 152 countries and have 145,000 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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