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Knauf Insulation Budget Response: Stable Policy Is Needed To Support Investment And Growth

John Sinfield, Managing Director of Knauf Insulation

“Today the Chancellor identified confidence as central to the future of business growth. He is right, and this confidence should be easiest to achieve where Government already plays a role. Unfortunately, recent stop-start changes to UK energy efficiency programmes have already reduced investment in the UK.

“Without a clear, long term framework for delivering energy efficiency, the threat of rising utility costs risks slowing consumer spending across the economy. Further policy instability will also cause business investment to continue to go abroad, making existing commitments to tackle fuel poverty by 2030 incrementally harder to achieve.

“A housing stock that is fit for modern usage reduces costs to the NHS. This has been acknowledged by the National Institute for Health and Care Excellence. It shows that upgrading our homes – the infrastructure in which we live – is part of making public spending more efficient, and improving the causes of ill health rather than treating the symptoms alone. But achieving any of these benefits requires an industry able to invest in the skills needed to finish the job. And this means a clear Government programme to support their own aims.”

For more information please visit www.knaufinsulation.co.uk

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