20 Mar 2013 | 02:22 pm |
Commenting on the announcements made by the Chancellor in his Budget today, Graham Robinson, Global Business Consultant at Pinsent Masons, said: "Housing is the most likely source of growth for the construction sector in the short-term and with over £5.4bn announced by the Chancellor, including £3.5bn in the Help to Buy Scheme with shared equity loans, output in the new private house building sector could be boosted by up to 10% pa over the next three years.
"Housing is a large sector for construction and the Government's support for housing will also help drive jobs. Construction has already lost 400,000 jobs since the start of the financial crisis and the Chancellor's boost to the Help to Buy scheme will help generate jobs in the construction sector."
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