Contractors World

The UK and Ireland's only FREE to READ digital publication for construction, demolition, mining and quarrying industries

Contractors World UK & Ireland
2012 Vol 2 No 2
Forward: Print Page Register (free) Bookmark Page

cw cw cw cw cw Buyers Guide cw cw cw





• back issues
•  brochures

Contractors World - Eco Friendly publishing
Sponsor a tree
by planting
your logo
in our
virtual forest
to aid the

Lighthouse Club
Benevolent Fund

previous page   PAGE 20    next page

Construction News - Economics - Business - Regulations

Photo : Peter Symonds

Photo : Peter Symonds

Tweet this page



udget - an opportunity to stimulate growthBudget - an opportunity to stimulate growth

The Construction Products Association has written to the Chancellor in advance of his Budget statement next month, calling on him to introduce a range of practical policies that, whilst helping drive growth, will not endanger the government’s desire to achieve its medium term deficit target, but speed the country’s economic recovery.

Speaking about the Association’s proposals, Michael Ankers, Chief Executive of the Construction Products Association said; ‘Public sector capital investment, will still fall 26 per cent between 2010/11 and 2013/14 despite the announcement made last year for additional capital spending in housing, education and infrastructure. To ensure the UK economy is given the best possible chance for recovery, it is essential that government focuses on sustainable investment for growth.

  ‘The 2012 Budget provides the Chancellor (left) with the opportunity to introduce a package of measures to stimulate the economy and deliver growth. This should include a further rebalancing of public spending away from current expenditure and into capital investment, as this will not only generate economic activity and employment but will increase long term productivity as a result of improving the infrastructure of this country.

‘However, key to delivering the infrastructure that the country needs is the attraction of additional private finance to compensate for the shortfall in public capital investment and the use of additional quantitative easing to raise levels of housing supply.’

continued >>>

Fragile recovery needs government support

The UK’s leading infrastructure contractors have warned that signs of growth in the sector may be extinguished unless the government delivers on recent investment commitments.

Results from the Civil Engineering Contractors Association (CECA) Workload Trends survey for the last quarter of 2011 published recently show growth in the sector for the first time in more than three years.

Five per cent more of those who responded to the survey reported increasing workloads when compared with those reporting declines, lifting figures for the sector out of the red for the first time since the onset of the global economic crisis in 2008.

The government has identified the infrastructure sector as being critical to returning the UK economy to growth. At his Autumn Statement Chancellor George Osborne committed additional funding to key projects to support this growth.

Yet analysis of the survey results shows that the improvement reported in Q4 2011 was driven largely by activity in the regulated sectors such as rail, water and sewerage. Activity in the publicly-funded roads sector continues to fall.

ts, CECA director of external affairs Alasdair Reisner  Commenting on the results, CECA director of external affairs Alasdair Reisner (right) said: “Having experienced a long period of declining activity any signs of growth are to be welcomed.

“However, we would be extremely cautious about any suggestion that these figures suggest a sustained improvement in the sector. Most of the growth indicated comes from regulated sectors that are currently at or near the peak of their spending cycles.

“Our concern is that as spending in these areas falls away over the coming months, there may not be sufficient activity elsewhere to sustain workloads.

“For this reason it is essential that the government holds firm on its commitments to infrastructure made at the Autumn Statement. By doing so it will help secure vital contributions to growth, while supporting the future of the UK’s infrastructure supply chain.” [CWMAGS]


previous page   PAGE 20   next page

red divide
CW Contractors World - the digital publication for construction industry

Contractors World Magazines are published by VVV Limited
©VVV Ltd 2012 All Rights Reserved

Publisher: Roger Lindley
Content compiled and edited by:
Roger Lindley MCIM

Page updated: February 2012



Contractors World -International
Contractors World International up-to-date information on news, plant and equipment from around the world.


Contractros World - Australia
Australia News
Online Buyers Guide of Construction, Quarrying

Contractors World - Eco Friendly publishingBy reading this page on line you are helping to save trees.
Trees saved up to February 2012 > 540
See our
virtual forest

The monthly magazine Contractors World - UK & Ireland is proud to promote and support the Lighthouse Club Please give generously. Contractors World Support the Lighthouse Club

CML House
7 Bell Mead
Herts CM21 9ES
Tel: +44 1279 600598

Contractors World is many magazines in one - construction news for latest information (read our daily news pages) and a site equipment magazine featuring site reports from around the world and reviews of construction plant and equipment as it is introduced.

Written specifically for earthmovers, quarry management, plant hire executives, and others with an interest in the construction and related industries.

Registered Office: 54 Sun Street, Waltham Abbey, Essex EN9 1EJ, UK
Registered as a company in England and Wales, number 3892263

Contractors World, CP&E - Contractors Plant & Equipment and the Contractors World - UK & Ireland Edition are independent publications published through CWMAGS by VVV Ltd.

The mention of companies and/or products within the editorial pages or in advertisements does not infer any endorsement by the publisher or editors. All editorial is freely given, without conditions and at the sole discretion of the editor. Opinions expressed by contributors are not necessarily those of the publishers. Other than saving and distributing in complete page formats, copying, reproduction, decoding or disassembly of content or computer code by any means of any part of the publication is prohibited unless prior approval is provided by VVV Ltd in writing and confirmation received of agreement with any terms and conditions applicable. PDF version may be downloaded for personal use but no content may be used for promotional purposes or copied to web sites. All images and video content are subject to copyrights.