Autumn Statement Comment from Richard Steer, Chairman, Gleeds Worldwide
“There was not a lot that was new for our industry in the statement but the pre-announced news on infrastructure and housing spending is good, as is spreading investment nationwide rather than just focusing on London and Southeast. The headline grabber is the major revision in stamp duty. It will hopefully re-stimulate the housing market which appears to have frozen. This combined with the recent announcement of direct government intervention in house building by the homes and communities agency shows a commitment to trying to meet the growing national housing shortfall. But the shortage of skilled labour in our sector is still a major challenge for us all and whilst we see some help in this area in this statement it is not enough in my view.
Richard Steer, Chairman, Gleeds Worldwide