Budget: Deloitte comment on infrastructure announcement
21 March 2013
Commenting on the infrastructure announcement made by the Chancellor today, Nick Prior, head of infrastructure at Deloitte, the business advisory firm, said:
“The Chancellor has found an extra £3bn per annum from departmental budgets to invest in infrastructure from 2015/16. While that is welcome, the challenge remains for the Government to translate this pledge into reality.
“Today’s commitment needs to be backed up by action and delivery. The fact remains that the construction sector has contracted in each month since October last year and new orders are down by nearly 40 per cent from their peak in 2007. This is despite many announcements and initiatives that have not been able to arrest this decline.
“If infrastructure is to be the silver bullet for economic recovery, we need to see shovels hitting the ground on projects that have a real impact in driving growth sooner rather than later.”
Notes to editors
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The information contained in this press release is correct at the time of going to press.
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