United Kingdom

Details

  • Type: Press release
  • Date: 05/12/2012

Autumn Statement 2012: Transport can kick-start economic growth, says KPMG 

Wednesday 5th December 2012


Ed Thomas, Director in KPMG’s transport advisory group comments on the Chancellor’s transport infrastructure plans:


“Transport is one of the big winners of this year’s Autumn Statement with £1bn of additional roads investment, Government support for the extension of the Northern Line to Battersea Nine Elms and momentum gathering around HS2 Phase 2. This comes on top of the announcement of £9bn investment in rail infrastructure earlier in the year.


“The most eye-catching initiative is the Chancellor’s commitment to provide a £1bn Guarantee to Transport for London to help finance the extension of the Northern Line to the Battersea Nine Elms Enterprise Zone.  It shows the Government recognises the importance of transport connectivity in kick-starting major developments and economic growth.


“Other City regions such as Greater Manchester, West Yorkshire and South Yorkshire are also looking to invest in transport infrastructure to promote growth. It is likely they will seek similar support to accelerate investment into their own schemes. “

 

-Ends-


Follow us on twitter: @kpmguk #AS2012


www.kpmg.com/uk/autumnstatement

 
For further information please contact:
KPMG Press office
Tel:  +44 (0) 207 694 8773
Katrin Boettger, KPMG Corporate Communications
Mobile: 0782 4475168 katrin.boettger@kpmg.co.uk

 


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 11,000 partners and staff.  The UK firm recorded a turnover of £1.7 billion in the year ended September 2011. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 152 countries and have 145,000 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.

 

 

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