‘£3bn infrastructure spending should be more ambitious’

RESPONDING to today’s Budget announcement by Chancellor George Osborne, Sean Anderson, a director of Chester-le-Street-based firm Northern Construction Solutions, welcomed the extra £3bn in spending on infrastructure which will take effect in 2015/16 – but said the investment was needed now.

“Spending on infrastructure makes Britain more attractive to investors and more competitive so the Chancellor announcing a £3bn investment in transport and infrastructure is a step in the right direction,” said Mr Anderson.

“But it needs a more ambitious spending approach. There are transport infrastructure programmes that have been shelved in the North East which, with investment now, would help kick-start the economy.

“As well as transport, we would have liked also to have seen infrastructure developments linked to energy, such as the building of more nuclear power stations.”

Re the announcement of 15,000 affordable homes being built, Mr Anderson added:

“The housing industry forms only a tiny part of the construction market. People have to be employed before they can afford houses so we would like to see more investment in infrastructure projects designed to create jobs and help the economy recover.”

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