CPA Reacts to the Chancellor’s Autumn Budget

Following the Autumn Budget announced by Chancellor Rachel Reeves, Steve Mulholland, Chief Executive Officer of the Construction Plant-hire Association (CPA) said:  “Today’s Budget was an opportunity for the new government to show it is serious about providing the business community with stability and certainty. Despite not being part of the Industrial Strategy there appears to be an acknowledgement that Infrastructure shall play its part in this new era of intended stability and growth with a commitment to spending on Roads, Rail, Hospitals, Schools, and Homes.

“We welcome the news that Fuel Duty remains frozen, however it is disappointing that employers will have to pay more in National Insurance, and that the plant-hire sector remains excluded from being able to take complete advantage of the Full Expensing Allowance in its current form. We need further clarity on what fiscal conditions must be met before this can happen. We look forward to seeing more detail.”