CBI tells George Osborne to pull finger out on infrastructure

CBI director general John Cridland has criticised the Chancellor's lack of progress on his plan to spend £250bn on transport, energy, waste and water in the UK. 'Businesses in Britain are looking for action and we haven't seen any yet,' he says.

by Rebecca Burn-Callander
Last Updated: 09 Oct 2013

As part of its annual infrastructure survey, the CBI has found that 73% of British businesses don’t think that transport infrastructure in this country would improve over the next five years. Moreover, two-thirds don't foresee any progress on the UK’s energy and water infrastructure.

'Businesses can’t yet see that things are getting better,' says Cridland, asking government to use the CBI's findings as 'a wake-up call.'

The CBI surveyed 568 business leaders to produce the report, in conjunction with financial services firm KPMG. It found that only 35% believe the Coalition is having a positive impact on infrastructure investment, down from 43% this time last year.

'Business confidence in our infrastructure is ebbing away,' says Richard Threlfall, KMPG’s head of infrastructure. 'The key issue is how quickly can recent policy announcements translate into investment on the ground.'

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