Government stresses commitment to infrastructure investment
Mon 16 Sep 2013
The government has reaffirmed its commitment to upgrading infrastructure across the UK after business leaders raised concerns about the rate of progress being made.
A new report by the CBI and KPMG pointed out that the coalition has made a number of positive policy announcements on the subject in the last few years.
However, a poll revealed that many companies are concerned about whether these policies will have any tangible impact.
The government has therefore moved to assure business leaders that it is committed to improving the UK's infrastructure.
Speaking to Sky News, a spokesman pointed out that during the last Spending Review, the coalition set out £100 billion worth of major infrastructure projects of the kind the CBI and KPMG want to see carried out. The official said the government is now focused on implementing these plans.
John Cridland, director-general of the CBI, insisted that quality infrastructure is vital for supporting leading businesses, boosting business investment and stimulating the export market.
He has therefore urged policymakers to "show strong leadership" and demonstrate that Britain can deliver a number of infrastructure projects in the next 18 months, as the country "can't afford any further delay".
Richard Threlfall, a partner at KPMG, added that the state of the UK's infrastructure is "not a theoretical debate", as it is critical for the bottom line profitability and international competitiveness of businesses.
For further information on any of the points raised in this article please contact our Transport and Infrastructure Team
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