CPA Reacts to the Chancellor’s Spring Budget

Following Chancellor Jeremy Hunt’s Spring Budget earlier today, Brian Jones, President of the Construction Plant-hire Association (CPA) said: “The announcement by the Chancellor in today’s Spring Budget, that the government will publish draft legislation to extend Full Expensing to assets for leasing when fiscal conditions allow, is a positive step. However, it is vital we know what these fiscal conditions are and when they will be met.

“We urgently need a timetable of action for this legislation that sets out when CPA members can invest with confidence in new equipment and boost business investment and productivity. The announcement to freeze fuel duty will be welcomed. With oil prices volatile, and the wider economic outlook still uncertain, this is a positive move.”