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CPA - letter to the Daily Telegraph

Editor

The Daily Telegraph

111 Buckingham Palace Road

London

SW1W 0DT

 

1 October 2010

  

Dear Sir,

 

We the undersigned, representing the UK’s £50bn construction products industry and members of the Construction Products Association strongly support the need to address the country’s unprecedented budget deficit, but spending cuts and tax rises alone will not secure the long-term sustainable economic growth, which must be the ultimate goal. To achieve this, the government has recognised that we will need to commit £40-£50 billion per annum to investment on key infrastructure projects.  Such capital investment will also make a significant contribution to rebalance the economy and stimulate growth. Independent research has shown, for example, that for every £1 invested in construction projects an additional £2.84 of economic activity is generated.

 

Whilst current expenditure is forecast to continue to rise from £601bn in 2009/10 to £679bn in 2013/14, it is estimated that £42bn will be taken out of public buildings and infrastructure. By then, public sector investment will have fallen to 1.4% of GDP, significantly less than the 2.25% below which the condition of the country’s built assets will deteriorate. 

 

To secure long-term economic growth, it is essential that in the forthcoming Comprehensive Spending Review the government focuses its capital expenditure on those projects that will do most to stimulate economic recovery and meet our climate change commitments. High on this list must be investments in the transport network, the long term security of our energy supply, higher quality education facilities, and the increased energy efficiency of our existing built environment.

 

Failure to act in this way will harm the international competitiveness of business, increase long-term costs for future maintenance and replacement of essential assets, and reduce the prospects of a private sector led recovery on which the UK’s future so critically depends.

 

Bill Bolsover

Chairman

Construction Products Association

 

Alain Bourguignon

Chief Executive

Aggregate Industries

 

Martyn Coffey

CEO

Baxi Division

 

Gonzaldo Galindo

President – UK Operations

Cemex UK

 

 

Wayne Sheppard

Business Group Managing Director

CRH Europe Clay and GB Concrete

 

Patrick O’Shea

Chief Executive

Hanson UK

 

Gene Murtagh

Chief Executive Officer

Kingspan Group plc

 

John Sinfield

Managing Director

Knauf Insulation Northern Europe

 

Dyfrig James

Regional President (North and Central Europe) Lafarge Aggregates Ltd

 

Martin Turner

Managing Director

Marley Eternit Ltd

 

Graham Holden

Chief Executive

Marshalls plc

 

David Pinder

Managing Director BP UK & SE Region

Pilkington UK Limited

 

David Hall

Chief Executive

Polypipe Group

 

Hans Schrueder

Managing Director

Rockwool Limited

 

Peter Hindle MBE

General Delegate

Saint-Gobain UK, Ireland and South Africa

 

Chris Davies

Chief Executive

SIG plc

 

Terry Last

Chief Executive Officer

Tarmac Limited

 

Calum Forsyth

Managing Director

Wavin Limited

 

Richard Soper

Managing Director

Bosch Thermotechnology (UK)

 

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