Budget 2016: Infrastructure commitment is promising, but more must be done to address North/South divide

Budget 2016: Infrastructure commitment is promising

Richard Threlfall, Partner and UK Head of Infrastructure, Building and Construction at KPMG, comments on infrastructure investment commitment.

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Richard Threlfall, Partner and UK Head of Infrastructure, Building and Construction at KPMG, comments on today’s infrastructure investment commitment:

“The jam was carefully but thinly spread across the North-South divide as the Chancellor endorsed further development work on both Crossrail 2 and HS3.

“Neither scheme will become reality before the 2030s but Crossrail 2 will proceed quicker because much of the preparation has already been done. HS3 meanwhile remains a concept searching for definition. The Chancellor continues to walk the tightrope of nudging forward the Northern Powerhouse concept he has championed, whilst knowing that in the short term little can be delivered to satisfy the expectations he has raised.”

Ends

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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff. The UK firm recorded a revenue of £1.96 billion in the year ended September 2015. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 174,000 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.

Budget 2016

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Expert insight and analysis of the Chancellor's 2016 Budget Statement.

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