Wednesday 5th December 2012
Richard Threlfall, UK Head of Infrastructure, Building and Construction at KPMG comments on the Autumn Statement:
“The Chancellor continues to try to hold back the tide of a growing North-South divide through commitments to extending high speed rail to the North West and Yorkshire, upgrade of the M1 to motorway standard to Newcastle and ultra-fast broadband in key cities across the country.
“While very welcome, whether these will suffice to offset the corrosive impact on the UK economy of business failures and joblessness disproportionately hitting our northern cities remains to be seen.”
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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 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.