Member Article

Autumn Statement: Construction boost will also benefit retail

Jason Maguire, Director of Frank’s The Flooring Store, believes Government support for the construction sector in the Chancellor’s Autumn Statement would have wider effects throughout the economy.

He said: “If the Government focuses on housing and puts the support in place to help builders meet demand, then there will be a ripple effect throughout the wider economy. It will directly create employment in construction, as well as jobs in the supply chain and retail, as people look to furnish the properties. But it will not stop there, because retail has its own supply chain which will in turn be given an important boost.

“All of this will help the Treasury through increased tax revenue and come full circle by helping the Government itself.”

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