Clegg promises investment in infrastructure
September 15th 2011 Deputy Prime Minister Nick Clegg said "Whitehall will put its foot on the accelerator" to ensure the economy feels the benefits from specially selected capital infrastructure spending plans.
In his speech at the London School of Economics, Clegg said that projects such as major improvements to the rail network will be given "priority status" to ensure they are not delayed.
This was vital, he said, to promote growth: “If you modernise this kind of infrastructure you stimulate activity in the shorter term and you build systems that high growth industries can use for years to come.”
John Cridland, CBI Director-General enthusiastically backed the announcement and called for more “spades in the ground” to stimulate the economy.
“The UK is still a long way down the international infrastructure league table and languishes behind key competitors. We have been calling on the coalition Government to back initiatives that enable the private sector to build major infrastructure projects quickly," he explained.
“Capital investment must return to pre-recession levels at the earliest opportunity.
“CBI has set up the Infrastructure Board, led by Mark Elborne of GE, to help shape the policy to deliver the infrastructure the UK needs in the coming decades.” More articles from Handling & Storage Solutions: | 
