We CAN afford to rebuild Britain, urges infrastructure tsar as summer mini-Budget looms. Britain’s infrastructure tsar has urged Ministers to ramp up investment in roads, railways, windfarms and broadband to dig the country out of one of the deepest recessions in history. Sir John Armitt has said the Government can afford to increase infrastructure spending significantly – even as it borrows eye-watering sums to keep the economy going. Speaking to The Mail on Sunday, Armitt said major projects were urgently needed to protect jobs, and that boosting employment was more vital than worrying about the debt incurred in keeping the economy afloat. Armitt identified key projects, including rolling out fast broadband to rural areas such as Cornwall and Scotland and boosting the sum local authorities can spend on transport. He also recommended putting money towards offshore wind generation on the east coast and supporting car manufacturing in the North-East and Midlands. His intervention will pile pressure on Chancellor Rishi Sunak to revive plans for an infrastructure revolution at a mini-Budget pencilled in for July.
This is Money 6th June 2020 read more »
In a major speech expected within weeks, the Prime Minister will set out plans to accelerate the Conservatives’ major infrastructure plans, including his manifesto pledges to build 40 new hospitals, and fund major upgrades to the country’s roads. The speech will effectively re-launch the Conservatives’ domestic agenda after months of the Government focusing almost entirely on battling Covid-19. It will “map” the Government’s plans for the rest of the year, including an autumn budget and a major review of departmental spending.
Telegraph 6th June 2020 read more »
The government is working on a comprehensive economic recovery plan, though there are doubts as to whether it will come next month or in the autumn, when a budget is due. The government may not have the luxury of waiting that long.
Times 7th June 2020 read more »
INVESTMENT to boost Scotland’s digital connectivity should take precedence over funding to improve the road network in the bid to revive the economy after coronavirus, a senior figure from the communications industry has declared.
Herald 6th June 2020 read more »