In its budget submission to HM Treasury, the Building Societies Association calls for the Government to deliver measures that will boost house building and the economy; protect homeowners at risk of flooding, and assist hard-pressed savers.
The latest figures from ONS published today show that construction output fell sharply in January, with falls across almost every sector of the £100 billion industry. Overall, construction output in January was 6.3 per cent lower than in December and 7.9 per cent lower than it was one year ago.
Commenting on Ed Miliband’s speech today on the economy and living standards, Alison Garnham, Chief Executive of Child Poverty Action Group, said: “The austerity agenda is hurting, but it’s not working. We’re standing on the brink of a disastrous surge in child poverty, which will come at great social and economic cost if we let it happen. So we welcome a fresh debate on how the wealthiest can make a fairer contribution, because right now it is families with children who are being made to carry the greatest burden, despite not being the cause of our economic crisis."
