CBI calls for road building

The government needs to step up road building to cut congestion costs and boost long term growth, the Confederation of British Industry said today. The economy is losing £8bn a year due to congestion on its “creaking” road network, the business lobby claimed, losses which could grow to £22bn by 2025. To resolve the problem, the government must take road spending out of the budget, and open it up to private investment, the CBI argued.