George Osborne’s appointment of Andrew Adonis, a former Labour transport secretary, to head up a new National Infrastructure Commission last week was highlighted by many as a political masterstroke. To some commentators, this is a reinforcement of the idea that it is the Conservatives who are on the vaguely-defined centre ground. But the economic argument behind this decision is far more significant.
Barely can a week go by without us seeing pictures of the chancellor in his unofficial uniform of hard hat and fluorescent jacket, usually followed by the declaration that the UK must become a “nation of builders” if we are to succeed in the “global race”. Infrastructure, specifically greater investment, is clearly at the forefront of his, and the government’s, thinking.
The City’s view is that infrastructure development is absolutely integral to our future success, our sustainability, and the continued creation of jobs and growth. Roads, railways, power plants, airports, and broadband and telecoms connectivity are the beating heart of the economy and, if it stutters, productivity is hit. Quite simply, there is no way the City could have become a successful global financial centre without investment in these essential foundations of a modern economy. For the full article click here
from critical infrastructure alliance http://ift.tt/1LD6MQu
via IFTTT
No comments:
Post a Comment