CBI urges infrastructure commitment

The CBI business body said there had been “too few signs of action” over the past two years and urged politicians to commit to projects that are crucial to boosting exports, unlocking business investment and supporting the overall economic recovery.

A survey of 526 businesses by the CBI and accountancy giant KPMG found a lack of confidence in government infrastructure policy.

Two out of three firms said they believed that government policies will have no tangible impact, or could have even a negative effect. Only a third of businesses said they will make a difference on the ground.

John Cridland, director-general of the CBI, said: “Government has talked the talk on infrastructure for the last two years with too few signs of action. The faltering speed of delivery on infrastructure creates a worrying sense that politicians lack the political will to tackle some of the major issues head-on.”