United Kingdom

Details

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

Autumn Statement 2012: More Transport Investment but Heathrow remains Elephant in the Room 

Wednesday 5th December 2012


Dr. Ashley Steel, KPMG’s global chair for transport comments


“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 confirms that transport remains at the heart of Government’s infrastructure plans.

 

“However, the Chancellor has missed a big opportunity to give business a clear direction of where government stands on the issue of airport expansion. As part of his Budget announcement in the spring the Government said it will ‘confront’ the lack of airport capacity in the South East but so far we haven’t had an update.”


“Additional runway capacity is essential for the continuing economic recovery. We urgently need greater access to the business opportunities found in the growing economies of Asia and Latin America. We hope the promised Davies report will commit to providing additional runway capacity quickly. The Chancellor is speeding up decisions around HS2, why isn’t he speeding up decisions around Heathrow expansion.”

 

 

-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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