MPA presses Government to freeze Aggregates Levy

With construction out put likely to flatten and the need to stimulate growth, the MPA have stressed that the Government should continue to freeze the existing aggregates levy as it is the wrong time to increase the costs of the construction supply chain.

The MPA believes that the Government should also extend the aggregates levy to include the aggregates content of imported materials such as concrete products, which currently have an unacceptable advantage over UK producers who are subject to full aggregates levy costs. This places an unreasonable burden on UK businesses.

Between 2001 and 2015, the identified imports of concrete products increased from £29.7 million to £207.3 million and the trade balance for these materials declined from a surplus of £55.4 million to a deficit of £152.9 million.

The MPA also believes that the Government should introduce a New Aggregates Levy Community and Biodiversity Fund in England using a small proportion of aggregates levy revenue to support local community initiatives in quarrying areas.

Read the article online at: https://www.worldcement.com/europe-cis/19012017/mpa-presses-government-to-freeze-aggregates-levy/