Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Business leaders urge George Osborne to invest in infrastructure

A group of business leaders including representatives of Atkins, Vinci, Turner & Townsend and Skanska have urged chancellor George Osborne to make a commitment to increase infrastructure investment by the end of this Parliament.

The group wrote to Osborne calling for the government to restore infrastructure investment to pre-recession levels, as crucial infrastructure spend was set to fall around 15% a year triggering a cut of nearly 50% by 2014/15.

“Given the state of public finances, an increase in public investment should seek to maximise leverage of private sector balance sheets,” the letter said. “Projects with income associated, such as tolled roads and bridges should be particularly encouraged and we would welcome the Treasury developing new public-private finance models to replace and improve on the PFI.”

The group, led by think tank London First, also asked for an adjustment to personal taxes and for the chancellor to stand firm on simplifying regulatory processes and resisting additional regulation from Brussels.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.