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A B C D E F G H I J K L M N O P R S T V W Y

Spring Budget 2017: Post-Budget comment on infrastructure

Spring Budget 2017: Post-Budget comment on infrastructure

Wednesday 8th March 2017

Mark Rathbone, partner and member of the supply chain and logistics sector at Brabners, said: “Detail on transport infrastructure was perhaps not as expansive as many businesses would have liked. The £90m for road improvements in the North will be welcome news for commuters and hauliers, though it is not a huge allocation given government’s plans to increase national infrastructure spend to 1.2% of GDP per annum.

“Notable by its absence, was an outline of how increased investment will be allocated. The political and media focus has consistently been on passenger transport projects such as HS1, 2 and 3. What is equally important is infrastructure focused on the efficient movement of freight and the relationship of this to passenger movements. This is something I would have wanted to see the chancellor acknowledge in his speech.

“We continue to see grand schemes like high-speed rail and the Heathrow expansion announced without any national strategy outlining how our infrastructure, planned and existing, can better connect to serve the whole nation most effectively. There has been significant recent private investment and leadership on infrastructure in the North West. A detailed national strategy to back the proposed increase in public spending would help our businesses plan for the future and encourage further private sector investment in the UK economy.”


ENDS

Issued on behalf of Brabners LLP by Citypress.

Media information:
Sophie Millward / Bryn Madden
Citypress
T. 0161 235 0300 / E. sophie.millward@citypress.co.uk / E. bryn.madden@citypress.co.uk