“The report makes grim reading, forcing us all to confront the reality of the infrastructure deficit in our energy, flood defence and local transport systems.
“It is a challenge to all our political parties either to grasp the nettle now and invest for a 21st century society, or explain to voters why the standard of living we enjoy today may not be as good for our children.
“It represents a strong endorsement for Sir John’ Armitt’s proposed Infrastructure Commission, in its calls for an integrated national transport strategy, and prioritisation criteria between infrastructure schemes in the National Infrastructure Plan.
“The report also bravely provokes the idea that in future perhaps the UK cannot expect 100% infrastructure availability. Are we a nation that will accept electricity rationing, or regular closure of rail and road networks in the event of flooding?
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KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 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. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.