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Thursday, November 2, 2017
With the Autumn Budget due to be announced in just three weeks time, BESA and the ECA have called on Chancellor Philip Hammond MP to take action to support small and medium sized businesses in the construction industry.
The two leading engineering services trade bodies have issued a five-point plan to the Treasury, urging the following measures be prioritised in the Budget in order to boost productivity:
BESA Director of Commercial and Legal Rob Driscoll and ECA Director of Business Paul Reeve jointly commented:
“Productivity among construction SMEs continues to be stifled by factors including the existence of rogue traders, cash being held in retentions, and issues with getting paid on time.
“The ECA and BESA are calling on the government to put SMEs – the engine of the UK economy – at the forefront of their economic plans, in order to deliver jobs, growth and increased productivity.”
Chancellor Philip Hammond MP will deliver the Autumn Budget on Wednesday 22 November.
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