Spend more on building, CBI tells chancellor

Marion Dakers
THE CBI has made a fresh plea to the chancellor to kick-start a range of infrastructure projects that have become mired in delays across the country.

The business pressure group said that “failure to act will put the fledgling recovery at risk” in a letter to George Osborne ahead of his spending review later this month.

While Osborne has long talked up the economic virtues of large-scale building projects for the economy, the CBI warned that a funding gap and reluctance to take big spending decisions could jeopardise growth.

“To bridge the gap, the chancellor needs to press ahead with short-term action to improve roads and boost the supply of housing,” CBI director general John Cridland said.

The London Assembly last week asked Mayor Boris Johnson to lobby the chancellor for funding on rail upgrades and upkeep in the capital.