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Equipment manufacturers call for "jam today"

Construction Equipment Association chief executive Rob Oliver has slammed last week’s Budget for promising “jam tomorrow”, while doing little to promote investment in construction and infrastructure in the short term.

“The heavily trailed increase in infrastructure investment of an extra £3bn per year doesn’t come in until 2015/16 but that will depend on the approval of individual projects by then, which can kick plans into the long grass,” said Oliver.

He added: “Perhaps one of the easiest routes to take to ensure some “jam today” would have been a commitment to provide resource to repair and maintain our road network – this could have given our plant hire customers and others a real sugar rush.”

Oliver commended the government’s new “Help to Buy” initiative aimed at boosting housebuilding and helping people move up the housing ladder, but said a similarly “creative” approach was needed to investment in social housing and buy-to-let.

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