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Prime Minister Sunak must stimulate British productivity

The National Federation of Builders (NFB) would like to congratulate Rishi Sunak MP for winning the campaign to become leader of the Conservative party and the next Prime Minister of the United Kingdom.

Richard Beresford, chief executive of the NFB, said: “It has been a very complicated three years for the construction industry and while we congratulate Mr Sunak on his fantastic achievement, we would caution that with less than two years until the next general election, the previous three years which saw modest attempts at business enabling policy reforms need supercharging.”

The NFB is already putting together its manifesto, which will include some policies sent to Prime Minister Truss, but it believes that the new Prime Minister must put enablement before broad tax cuts.

Beresford continued: “As representatives of the business community, of course we welcomed tax reforms, but we maintain that the best strategy to increase British productivity is to unlock opportunity through fair regulation and long term thinking.

Lower taxes are no use if the environment to invest in; for example, infrastructure, is a barrier, or if the wrong taxes are targeted. In the coming weeks, our manifesto, which will be sent to Prime Minister Sunak, will set out how to enable much needed growth, so that the new PM better understands how and why construction is the backbone to sustained productivity growth.”

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