Tuesday’s emergency budget was a “painful but necessary” set of measures to stabilise the economy which recognised the contribution of the building industry, according to CBI deputy director general John Cridland
Speaking at the UK Contractors Group annual lunch on Tuesday, Mr Cridland said the government had listened to appeals that investing in the built environment had a multiplier effect on the long term growth of the economy as a whole.
However, he warned that spending cuts of up to 25 per cent demanded of most government departments would require major reform of how the public sector spent its money. He said it was vital that the quality of procurement did not collapse as a result.
The HVCA is a member of the UK Contractors Group.
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