Commenting on Chancellor Philip Hammond’s Budget speech to the House of Commons, Esh Group chief executive Brian Manning said: “It was disappointing the Chancellor only made passing mention of housing in the Budget speech.

“The speculative housing market is in good shape at the moment, but we need measures to ensure that will continue in the face of pressures from Brexit. It would have been encouraging to hear plans for stamp duty reductions and tax reliefs to encourage investment and give developers certainty.

“On the other hand plans to increase funding for infrastructure – as set out in the Autumn Budget – are very welcome. This will help the viability of schemes like those Esh Group delivers for private and public sector.

“We had hoped to see some action to support SMEs in the supply chain, through tax relief.

“The Chancellor’s plans for more investment in technical-focussed training routes for young people are encouraging for the construction and engineering industries, and beyond.”