CBI Says Infrastructure Industry Should be a Priority for The Government

The UK’s largest employers group, the Confederation of British Industry (CBI), has appealed to the government to stimulate economic growth by investing more into infrastructure projects.

Although the building construction sector remains one of the most stable industries in the UK, the CBI thinks greater investment is needed for infrastructure projects to encourage continual growth and business confidence.

The CBI has proposed a number of measures for the government as an opportunity to provide real boost for private sector investments in infrastructure schemes and give more support to small and medium businesses.

General Director at CBI, John Cridland, explained that the government should use Chancellor’s budget statement next month to deliver significant financial stimulus to make mortgages more affordable to the housing market.

Mr Cridland thinks future growth through reforms of the UK’s tax system is essential for businesses to invest in Britain. He is calling on the government to make some changes into the current system which will create new opportunities for growth.

Mr Cridland highlighted the significance of infrastructure investment as one of the most important priorities which the government needs to support in order to encourage industry’s growth and create permanent jobs.

He said: “Delivering private sector investment in infrastructure, supporting mid-sized businesses, hammering out the details on credit easing, extending the Youth Contract to 16 and 17-year-olds, and introducing the New Build Indemnity Scheme for mortgages at the earliest opportunity will all provide a real boost for UK growth and jobs.”

Do you agree with the CBI that the infrastructure industry is a key factor for economic growth and creating new jobs? Share your thoughts by leaving a comment below:  

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Posted on February 23, 2012, in Boris Johnson, construction jobs, construction news, David Cameron, Green Deal, Housing Scheme, Infrastructure, Nick Clegg, Osborne, t4ts, train4tradeskills and tagged , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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