United Kingdom

Details

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

Autumn Statement 2012: Extra infrastructure investment good but a drop in the ocean, says KPMG  

Wednesday 5th December 2012


Richard Threlfall, UK Head of Infrastructure, Building and Construction at KPMG comments on the Autumn Statement:

 

“Little to draw from the Autumn Statement that will give much comfort to the UK’s beleaguered construction industry.

 

“£1bn extra for 100 new schools and £1bn extra for roads are both welcome, but overall it is a drop in the ocean that can’t outweigh the economic drag.

 

“70% of our infrastructure investment is from the private sector. More valuable than the £5bn of public investment would be incentives to the private sector to invest, such as the reintroduction of tax relief for infrastructure investment.”


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www.kpmg.com/uk/autumnstatement

 
For further information please contact:
Arti Mohan, Corporate Communications
Tel: 020 7694 8735
Mobile: 07768 858 085
Email: arti.mohan@kpmg.co.uk


KPMG Press office
Tel:  +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 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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Autumn Statement 2012