Sir, The news that infrastructure spending has fallen following the EU referendum result is of great concern (“May under pressure after Brexit plunge in big-project spending”, August 22). While the new government has rightly indicated that it will look to sustain and grow productive infrastructure spending, both public and private sector projects have been repeatedly delayed.
At the Autumn Statement, the chancellor faces a fundamental choice. He can either maintain a cautious, business as usual approach, or he can be bold, and use record-low interest rates to borrow cheaply and greenlight many infrastructure projects, from housebuilding and broadband to the big ticket schemes such as High Speed 2.
Businesses need a strong infrastructure backbone to drive the UK’s transition to post-Brexit success — as well as the short-term confidence to invest. A bold infrastructure push would foster a sense of confidence among all businesses as we look to forge a new path for the UK economy.
Dr Adam Marshall
Acting Director General,
British Chambers of Commerce
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