Full story: Support for Housebuilding should be chancellor's priority says CBI
It was roughly three years ago when the Government announced there was a considerable sum of money that was to be used for social housing building programmes. At the time of the announcement I was uplifted to think that the prospect could bring about an end to the recession. And being a country that isn't known for production, the only way we can produce a financial economy that breaks a recession is by a large scale house building programme.
With all the products used to build homes and all the new products that go into them, the wages earned by the construction workers goes back into the economy. Throughout my career on the tools, I was fortunate to go through two bad recessions - one in the late 80s and then another in the 90s, both of which I was constantly working within the M25 area doing new build work. I personally feel that, and the CBI agree, our most instant way to relieve this recession is to undertake a 50,000 new build affordable home project. If the Government had started their own social housing programme back then, things wouldn't have turned out the way they are today.
- Mark Lewis