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Last edited 24 Oct 2022

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Timber Development UK responds to recent political events

[edit] On the appointment of Rishi Sunak as Prime Minister

David Hopkins, CEO, Timber Development UK:

"Like many other parts of the construction industry, timber businesses are crying out for some political stability right now. We hope the appointment of Rishi Sunak as PM will provide this and continue to calm down the markets too. Of course, he has some urgent economic issues to prioritise. But for TDUK members, whether he's a good PM or not will also be judged by his actions on Net Zero.

"Liz Truss commissioned a review of Net Zero policies to ensure they are pro-growth and pro-business, following increasing scepticism amongst conservative MPs. We firmly believe that a Net Zero strategy with effective and targeted regulation is a driver of economic growth and can be part of the solution to this country's difficulties. We look forward to productive conversations with Mr Sunak’s ministers on this and other issues in the coming months."

[edit] On the resignation of Prime Minister Liz Truss October 20 2022

David Hopkins, CEO of Timber Development UK said:

“Political instability does no one any favours and it is vital we establish a stable government as soon as possible. In particular, we can’t let political turmoil damage crucial progress towards a net-zero construction industry following so much progress and investment in the past decade."

"This is an issue to which every part of the timber sector is currently committed and we have had positive conversations with new ministers only recently about how our sector can contribute to critical carbon reduction targets."

"Our hope is that a new prime minister does not mean a major reshuffle and yet another reset in ministerial appointments crucial to the construction industry. Following our commitment at COP26 to a 68% reduction in carbon emissions by 2030, a consistent policy environment is more important than ever.”

Responses sent via press release statements 'Response to Liz Truss Resignation - TDUK" from TDUK sent October 20, 2022 and "Response to appointment of Rishi Sunak as PM - TDUK" sent October 24, 2022.