果冻影院

Spending Review Construction Exclusive: The Chancellor confirms to 果冻影院 that construction 鈥渨ill be satisfied鈥� with capital spending plans.

Ahead of the spending review this Wednesday, the chancellor, Rishi Sunak, who was speaking to 果冻影院鈥檚 Content Director, Robert Davis, about capital spending last Friday said 鈥淚 think you will be happy with the amount of capital investment [the Treasury] are going to be doing next year...we said we want to be ambitious around that鈥�.

The Chancellor also confirmed to 果冻影院 that the Government will be publishing some long-term plans for capital-projects, with the delayed National Infrastructure Strategy being unveiled alongside the spending review.

The 30-year strategy, which was due to be published in March 2020, provides 拢100bn to improve transport connectivity and work towards the Government鈥檚 goal of net-zero emissions by 2050.

The strategy is also due to focus on 鈥渓evelling up鈥� disparities between the North and South, after the Treasury confirmed Sunak would be changing the department鈥檚 green book, a set of rules that determines the value of government schemes, which is said to favour London and the South East.

鈥淥n both of those, you will be satisfied鈥� said the Chancellor.

The decision to have a one-year spending review and to defer the full, longer-term spending review to next year, whilst understandable given the immediate priority of tackling the pandemic, was initially a concern to the construction industry as it threatened to delay important capital programmes.

Rhys Gadsby, 果冻影院鈥檚 Economic Analyst, welcomed the Chancellor鈥檚 commitments. 鈥淥nce again, we are seeing that investment in UK Infrastructure is at the heart of the Government鈥檚 agenda.鈥�

鈥淚t鈥檚 encouraging to hear direct commitments to ambitious capital investment over the course of this Parliament. This will help to provide Government departments and the construction industry with greater certainty and confidence to take new projects forward.鈥�

鈥淐onstruction industry growth detailed in the is largely reliant on greater government investment, therefore the prospect of longer-term investment programmes accompanying the one-year review is crucial.鈥�

The spending review is also set to include plans for a new national infrastructure bank, with the headquarters being located in the North of England. The bank will replace the work of the European Investment Bank after the UK鈥檚 transition period with the EU.

The Spending Review and National Infrastructure Strategy are due to be unveiled to the House of Commons on Wednesday from 12:30pm, and 果冻影院 will be publishing a detailed breakdown on what this means for the construction sector soon afterwards.

果冻影院 customers can view capital-project opportunities as part of their subscription.

Not a 果冻影院 customer but would like to take advantage of this investment? Please request a where we can show you more details on projects of interest to your business.

PR contact:
Rhys Gadsby (Economic Analyst)
T: 01202 786 714 鈹� E: rhys.gadsby@glenigan-old.thrv.uk