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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