Chancellor’s Spring Budget sets sights on improving productivity with infrastructure focus

08 March 2017

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Manish Gupta, Head of Transport Corporate Finance at EY, comments:

Although short on major infrastructure announcements, the measures announced today underline the key role that skills and infrastructure investment play in addressing the UK’s overall productivity conundrum.

Digital infrastructure is set to get a boost through broadband and 5G, and local authorities competing for a £690m fund to remove bottlenecks from local road networks will reap benefits in a relatively short time.

While there is some disappointment over a lack of a PF2 announcement today, we wait to see whether there will be any follow-up from HM Treasury in an attempt to accelerate infrastructure delivery.