This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print page

Spending Review: Deloitte comments on infrastructure measures

27 June 2013

Commenting on the infrastructure measures outlined by the Chief Secretary to the Treasury, Nick Prior, head of infrastructure at Deloitte said:

“The Chief Secretary’s announcements, particularly around energy and investment in the road network, are broadly positive. The visibility over investment in road and rail projects is welcome and will allow for better economic planning.

“There is little here that we hadn’t heard already and there may be scepticism in the sector about turning this rhetoric into reality.

“Most of the measures and money announced will not take effect until 2015 or beyond. The construction industry and the broader economy will be disappointed in today’s announcement as we will only see an economic boost when the shovels hit the ground on these projects.

“Despite last year’s announcements on infrastructure, the construction industry lost 60,000 jobs, activity dropped by 12% and new infrastructure orders fell by nearly 40%. If infrastructure is intended to halt the decline in the construction industry, and revive the wider economy, both projects and money must be bought forward as soon as possible.”

End

Notes to Editors:

About Deloitte
In this press release references to Deloitte are references to Deloitte LLP, which is among the country's leading professional services firms.

Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited (“DTTL”), a UK private company limited by guarantee, whose member firms are legally separate and independent entities.

Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.

The information contained in this press release is correct at the time of going to press.

Member of Deloitte Touche Tohmatsu Limited.

Media contacts

Name:
Mark Smith
Company:
Deloitte
Job Title:
Phone:
020 7007 7082 / 07 590 041 301
Email
marksmith@deloitte.co.uk

Share this page

Email this Send to LinkedIn Send to Facebook Tweet this More sharing options
Follow:

Get in touch

More on Deloitte