MPA comments on the HM Treasury's Spending Round 2019
Responding to the Chancellor's Spending Round 2019 statement to Parliament, Jerry McLaughlin, Executive Director of Economics and Public Affairs at the Mineral Products Association (MPA) said:
"The MPA welcomes the Chancellor's statement that "rebuilding national infrastructure" is his number one economic priority, but we remain frustrated that such positive statements over a number of years are still not leading to fast enough project delivery on the ground. MPA members supply the bulk of materials used in construction and infrastructure development but industry sales volumes have stalled and are in danger of going backwards. There seems to be an inverse relationship between high profile political statements of support for infrastructure and what is actually happening on the ground.
Whilst looking forward to the new national Infrastructure strategy later in 2019, it is disappointing that the Chancellor has missed an opportunity to embed additional funding to allow local authorities to start addressing the £10 billion backlog of local road disrepair in the spending plans for 2020/21."
Notes for Editors:
A link to HMT can be found here.
The Mineral Products Association (MPA) is the trade association for the aggregates, asphalt, cement, concrete, dimension stone, lime, mortar and silica sand industries. With the affiliation of British Precast, the British Association of Reinforcement (BAR), Eurobitume, MPA Northern Ireland, MPA Scotland and the British Calcium Carbonate Federation, it has a growing membership of 530 companies and is the sectoral voice for mineral products. MPA membership is made up of the vast majority of independent SME quarrying companies throughout the UK, as well as the 9 major international and global companies. It covers 100% of UK cement production, 90% of GB aggregates production, 95% of asphalt and over 70% of ready-mixed concrete and precast concrete production. In 2016, the industry supplied £18 billion worth of materials and services to the Economy and was the largest supplier to the construction industry, which had annual output valued at £152 billion. Industry production represents the largest materials flow in the UK economy and is also one of the largest manufacturing sectors. For more information visit: www.mineralproducts.org
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