CLC submits industry wide budget response
Posted: 2nd February 2021
The Construction Leadership Council has submitted an industry wide response ahead the Chancellor’s Budget Statement on 3 March 2021.
The submission outlined how the construction sector could most effectively support the UK’s recovery in line with the Government’s key policy priorities to achieve Net Zero, Building Safety, Levelling Up, stimulating economic activity and protecting jobs.
We focussed on a small number of key interventions to drive immediate economic growth and market confidence. These included: Committing to a National Retrofit Strategy; Offering Incentives for the commercial property sector; Expanding the Building Safety Fund; Making the Infrastructure Bank an effective vehicle for regeneration; Securing Local authority funding; Extending the Stamp Duty Holiday and Duty review; Withdrawing Reverse Charge VAT; and Extending employer apprenticeship incentives and Apprenticeship Levy flexibility.
Read the letter here.
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