BMF Comments on Queen’s Speech

The Builders Merchants Federation has welcomed the “very encouraging noises” on housing and construction.

BMF Managing director John Newcomb was reacting to Tuesday’s Queen’s Speech to Parliament that set out the Government’s legislative programme for the next two years,  and said: “The Queen’s Speech reflects the Government’s pre-occupation with the complex negotiations to leave the European Union but we do welcome the today on housing and industrial policy, which will both help grow the economy, improve living standards and increase productivity”.

“We welcome the clear statement in the Queen’s Speech that proposals will be brought forward to help ensure more homes are built. The Government has acknowledged that not enough homes are being built and that we need to build more of the right homes in the right places, and diversify who builds homes. Our understanding is that the Housing White Paper does not now require further legislation, so we would urge the Government to implement it as quickly as possible”.

“The BMF also welcomes the Government’s commitment to implementing the Industrial Strategy and the new Trade and Customs Bills which will enable our members to trade confidently and continue with their planned investments. The BMF favours an Industrial Strategy that showcases the construction industry, based on a clearly-defined, well-articulated mission to give it purpose, drive and direction. A resilient, functioning and enduring supply chain must be a core component if the Strategy is to succeed”.

“Our latest Builders Merchant Building Index shows that merchants experienced strong growth in the first quarter of 2017, with sales up 5.9% compared to the same time last year. This shows the vital role of builders, plumbers and timber merchants in delivering economic growth. Housing is not built, nor are homes repaired, extended or adapted, without the materials and products that BMF members deliver. We look forward to working with new ministers in the coming months”.