Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

FMB slams Autumn Statement for not doing enough to help SMEs

Chancellor George Osborne has come under fire for not doing more to help small and medium sized enterprises (SMEs) and first time buyers get the economy back on the road to sustained economic growth

Brian Berry, FMB director of external affairs acknowledged the ‘tight financial position’ the Government is in, but said there were a number of measures that the Chancellor could have taken, which would have had significant economic benefits for little, if any direct cost.

In addition to making more credit available at reasonable rates, Berry argued the Government should have extended the stamp duty holiday for first time buyers for property transactions under £250,000 - which expires in April - to help get the Housing market moving again.

He said: “It could also have reduced the burdens on  SME house builders by providing a blanket exemption from the soon to be implemented Community Infrastructure Levy which will add around £43,000 to the cost of a building a two bedroom house in some parts of the country.  

“The Government also missed an opportunity to delay implementation of its ‘zero carbon homes’ policy until the housing market has recovered sufficiently to support the extra costs.

“SMEs are the engine of growth but are likely to be excluded from the wider specific aid packages aimed at the industry. Adjusting these policies will do more to help small house builders who in return will deliver much needed jobs and homes.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.