Autumn Statement 2013: Commitment to invest in UK infrastructure

Autumn Statement 2013: Commitment to invest in UK...

Richard Threlfall, Head of Infrastructure, Building & Construction, comments on the Autumn Statement Announcement and the implications for industry.

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Commenting on today’s Autumn Statement Announcement, Richard Threlfall, Head of Infrastructure, Building and Construction, said: 

“Following yesterday’s publication of the national infrastructure spending plans, the Chancellor used the Autumn Statement to give another bold commitment towards infrastructure investment as a means to create jobs and ensure economic growth and prosperity."

“This is a major achievement: after decades of underinvestment the UK government now clearly accepts that we need to catch up with our major competitors in order to ensure the country’s long-term competitiveness. The Chancellor has also made clear that he won’t shy away from unpopular decisions whether it is over fracking or HS2."

“This is a bold and welcome move, especially given affordability pressures on consumers and the government. The government has put tomorrow’s prosperity before today’s popularity.”

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For further information please contact:

Katrin Boettger, KPMG Corporate Communications

M: 07824 475168


KPMG Press office  +44 (0) 207 694 8773

About KPMG:

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.

This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.

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