Bosses dismiss infrastructure plans as “all talk”

Grant Prior 8 years ago
Share

Britain’s bosses believe that the Government is all talk and no action when it comes to investing in the country’s infrastructure.

A new CBI/KPMG report reveals that businesses are concerned that two years of positive Government infrastructure policy announcements will not translate into delivery on the ground – and could undermine the return to sustainable growth.

The survey found that two out of three firms believe that government policies will have no tangible impact on real infrastructure investment.

John Cridland, CBI Director-General, said: “I know that ministers share my enthusiasm for progress, but Government has talked the talk on infrastructure for the last two years with too few signs of action.

“The faltering speed of delivery on infrastructure creates a worrying sense that politicians lack the political will to tackle some of the major issues head-on.

“We can’t afford any further delay. The Coalition must show strong leadership and prove that the UK can deliver on a small number of projects over the next 18 months and reach a much-needed consensus on bigger issues such as aviation and roads reform.”

Richard Threlfall, KPMG Partner, said: “Sadly the business verdict remains that UK infrastructure is not up to scratch. It is disappointing to hear businesses report once again a sense of more rhetoric than action.

“Of particular concern is growing dissatisfaction with links between our regions, and the 73% of respondents who believe our local road network continues to deteriorate.

“Overlaid on this is the fear amongst businesses that too many critical investment decisions are being pushed back to beyond the next election.’

The CBI is now calling for five practical steps to be taken in the next 18 months to boost immediate construction:

Boost investment by introducing capital allowances for the construction of infrastructure projects at the Autumn Statement.

Complete all feasibility studies for road and rail projects outlined in the Spending Review and commit to detailed plans for delivery, while starting the debate on longer-term road reform by conducting an audit of the state of the road network and its costs to operate.

Enshrine the Energy Bill into legislation and bring forward secondary legislation to provide businesses with the certainty they need to invest in our future energy supply.

Commit to implement the findings of the Airports Commission in party manifestos.

Collaborate with industry on a long-term plan for digital infrastructure, enabling businesses to make use of a wide range of technologies.

Latest news

M1 fraud probe reveals contract management problems

M1 J13-16 investigation finds £320,000 of central barrier scrap metal went missing
1 hour ago

Beaumont Morgan Developments goes into administration

Begbies Traynor now in charge of £47m turnover Manchester contractor
1 hour ago

Green light for major overhaul of Surrey pharma campus

Kier and Mace in bidding revamp project with three storey glulam building at its heart
2 hours ago

Morgan Sindall hires Crossrail safety director

Carole Bardell-Wise joins infrastructure business as SHEQ Director.
2 hours ago

Galliford Try bags £28m Dover inland border control facility

Major inland border facility to be built alongside the A2 outside of Dover
45 mins ago

Plans go in for £280m Leeds Whitehall Riverside scheme

Major office and flats scheme to be built next to River Aire
21 mins ago

Roofer dies in six metre plunge through asbestos sheets

Court hears no safety nets were fitted on site
19 hours ago

Subbies stop working for Beaumont Morgan Developments

Manchester based contractor was delivering Fortis Quay for associate development company
1 day ago

Gove threatens ban on cladding suppliers failing to pay for retrofits

Cladding and insulation suppliers now in firing line for cash for £9bn post-Grenfell remediation bill
2 days ago

Bill for £22bn HS2 extension to Manchester goes to Parliament

52-mile extension of HS2 to Manchester via Manchester Airport will support 17,500 construction jobs
1 day ago

Galliard scoops up trio of sites for schemes worth £265m

Sites in Redbridge, Ipswich and Milton Keynes to be developed
1 day ago

Plans in for 350-flat Salford student scheme

Developer X1 hopes to start 15-storey building later this year
1 day ago

Green light for Birmingham Paradise landmark hotel

17-storey hotel will be the 'cornerstone' of Phase 2
4 days ago

Structural steel price jumps another £50 a tonne

British Steel blames New Year's price hike on continuing high product costs
4 days ago

Enabling works start at £400m Manchester First Street

Downing to start main construction in March of three resi buildings rising up to 45 storeys
4 days ago

Former BAM Nuttall chief to join Murphy

Adrian Savory to start new role as director of Major Projects division next month
4 days ago

Bouygues set for London Tustin Estate 700-home rebuild

Phased building programme to start towards the end of the year
4 days ago

Safety horror show on housing site leads to director ban

Court hears contractor ignored multiple prohibition and improvement notices
4 days ago

JV North calls up local firms for £250m new home works

Framework for home building projects worth up to £2m
4 days ago

Kier more than halves debts to below £200m

Kier chief reports steady progress in first six months of trading
5 days ago

Barhale boosts funds as it looks to rebuild turnover

Contractor confident as water companies ramp-up spending plans
5 days ago

HS2 labour agency looks to float on AIM

£23m turnover labour supply business looks to raise funds for expansion
5 days ago

Kane scores £29m M&E deal with Willmott Dixon

Off site works to play crucial role in major London estate contract
5 days ago

Graham secures third Audley retirement village

Work starts on Audley Villages site at Scarcroft, West Yorkshire.
5 days ago

Keltbray wins first deal for former nmcn infrastructure arm

Hull waste processing contract for rescued division
6 days ago

50 firms win £750m decarbonisation framework

Fusion21 framework to target 'whole building' works on homes and schools
6 days ago

Balfour Beatty UK construction MD to step down

Tom Edgcumbe to depart after just over a year as MD construction services in England and Wales
6 days ago

Crest Nicholson trebles cladding retrofit provisions to £43m

House builder revises building safety retrofit costs in face of new Government guidance
6 days ago

BAM bags £110m refurb of iconic Covent Garden tower

Landmark Seifert-designed 15-storey Space House to get two extra floors
7 days ago

Winvic to start UK’s largest speculative shed

Ellesmere Port warehouse understood to be worth around £80m
6 days ago

Contractor services