The CPA Responds to the Chancellor's Spring 2024 Budget
CPA response to The Rt Hon Jeremy Hunt MP Spring 2023 Budget.
Read moreCPA response to The Rt Hon Jeremy Hunt MP Spring 2023 Budget.
Read moreThe Construction Products Association’s latest State of Trade Survey for 2022 Q4 revealed a quarter of mixed fortunes for the construction product manufacturing industry. Performance was split between a decline in sales for heavy-side producers and continued growth for manufacturers on the light side. Furthermore, manufacturers expect these dynamics to persist in 2023, with new build starts affected by economic uncertainty but refurbishment and activity for energy-efficient retrofit continuing apace.
Read moreThe Construction Products Association (CPA) has submitted its representation for the Spring 2023 Budget. In our letter to the Chancellor of the Exchequer, we offered some possible measures with both construction and manufacturing in mind. Our ‘asks’ ahead of the Budget are listed below and continue in further detail in our letter.
Read moreThe construction industry is expected to endure a recession this year after two strong years for the industry. According to the Construction Products Association’s Winter Forecasts, construction output is expected to fall by 4.7% in 2023 before recovering slowly in 2024 with growth of just 0.6%.
Read moreThe CPA issues a statement welcoming the announcement from DLUHC on the delay of implementing UKCA Marking to construction products.
Read moreChancellor Jeremy Hunt highlighted “stability, growth and public services” as the three main priorities of his Autumn Statement 2022. For construction product manufacturers, as well as the wider construction industry, the announcements made under the ‘growth’ priority will perhaps be most pertinent.
Read moreThe CPA expresses its concerns to government on their latest announcement on extending the use of UKCA marking until 24 December 2024. The latest extension does not include construction products.
Read moreConstruction output is forecast to fall by 3.9% in 2023 following a rise of 2.0% in 2022, as activity currently continues at a high level. The fall for 2023 is a sharp downward revision from -0.4% in the Lower Scenario of the CPA’s Summer Forecasts. This is mainly due to the impact of a wider economic recession, exacerbated by the effect of the ‘Mini Budget’, and the consequent fallout from recent political uncertainty.
Read moreGiven the planned train strikes, our CPA Autumn Lunch will now take place on Wednesday 30th November 2022.
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