FTSE 100 gains as UK construction hits six-year high – The Guardian business live
Steve Plaskitt, a partner at MHA, an accountancy firm, said the chancellor’s spring budget has stoked the fires of the construction industry with policies that will keep house prices higher. He said: The spring budget was a boon for both house buyers, who stand to benefit from the extension and phased ending of the stamp duty holiday, and house builders, who will hope that the government’s guaranteed support for 95% mortgages until the end of 2022 will drive demand. The government’s infrastructure spending, such as the £27bn earmarked for roadbuilding, is also impressive and will create much needed stimulus for the industry. Collectively these measures will underpin performance in the sector for the months ahead. Plaskitt does question whether the pandemic will change longer-term conditions for the industry, including Britons’ apparent affection for high-rise city living and jobs in expensive city-centre office blocks.