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.'