Ibstock Welcomes Budget Boost for Housing Market

Ibstock, United Kingdom, July 09, 2009 --(PR.com)-- The UK’s largest brick manufacturer, Ibstock has welcomed Chancellor Allistar Darling’s recent budget announcement, which outlined a number of measures designed to stimulate the housebuilding industry, including the investment of £500m to restart frozen building projects.

John Richards, Sales and Marketing Director at Ibstock, commented: “The construction sector represents over 6% of the total UK economy, so it is only right that the budget should put a strong focus on trying to kick start the industry.

“Although there is still a long way to go, measures such as the investment of £500m to restart frozen building projects, the extension to the stamp duty holiday and £80m for shared equity mortgage schemes are sure to stimulate the housing market and help fuel demand for new homes.

“We are also very encouraged by the Chancellor’s decision to provide a £100m package for local authorities to spend of energy-efficient housing developments. This investment is a demonstration of a long term environmental commitment on behalf of generations to come and will ensure future cost savings through reduced energy consumption.

“Brickmakers must be encouraged by this new budget and will be keeping one eye on the longer term to ensure brick continues to offer housebuilders and developers a viable, affordable and sustainable solution for modern construction, regardless of economic conditions.”

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