“The latest Spending Review sends a clear message that infrastructure remains at the heart of the government’s economic growth strategy, but it is a long-term ambition not a short-term fix. We welcome the continued investment in transport, education, and energy transition projects as well as housing. These commitments offer much-needed stability and the opportunity to plan long-term — it also gives significant opportunities for both public and private sector collaboration.

As ever, the devil is in the detail and labour shortages could derail housing targets, but £1.2bn in enhanced training funding is welcome. If the government creates the right vibe investors may well see UK as a safe haven in choppy seas, as long as it does not saddle business with further tax hikes & employment challenges.”

Richard Steer
Chair of Gleeds Worldwide