As a follow up to the Norfolk Chamber’s ‘Audience with George Osborne, the Chancellor of the Exchequer’ event on the 7 November, we submitted a number of questions from our members to the Chancellor. Responses to those questions are now starting to be received from the relevant Ministers within Westminster.
Saul Humphrey is current Managing Director at one of the Norfolk Chamber’s longest standing members: RG Carter Ltd.
Saul’s question to the Chancellor was:
“The industry I work in is construction and as you know construction makes up 8% of GDP and accounts for about 10% of all employment. The benefit of investment in construction is however not only immediate, but also much long-term with economic and social benefits for all.
In truth my industry’s embryonic economic recovery is largely quite London centric and dominated by the house building sector following the Governments introduction of the “Help to Buy” mortgage guarantee Scheme.
Unfortunately proposal infrastructure investment in High Speed 2 is also not expected to have any benefit to the Norfolk population. It also appears the Green Deal has also not yet really caught the public imagination and even proposed capital investment for Sizewell ‘C’ will be controversial to say the least.
I am delighted that we are seeing improvements to the A11 and hopefully future investment in the NDR. Proposed improvements to the train line from Norwich to London and support for the growing science and research community at NRP is also very welcome.
What more can we all do together for the benefit of Norfolk and indeed the East of England to help accelerate the economic recovery, help achieve our carbon reduction commitment and, in doing so, help our country to grow its economy in a sustainable manner?”
Find on the attached document the written response from George Osborne.
