TransportXtra features news, opinion and analysis from the UK transport policy & planning;
passenger transport; urban development & parking industries.

Chancellor eyes "targeted, high-value investment in our economic infrastructure"

Lee Baker
03 October 2016
 

The Chancellor Philip Hammond today says he will seek "targeted, high-value investment in our economic infrastructure" given uncertainty over the vote to leave the European Union will cause to the economy.

He said in morning interviews that he will continue to "keep the lid" on day-to-day revenue spending, but would be ready to spend more to support the economy during a period of uncertainty, implying additional funding for what he described as "our economic infrastructure," which would make Britain more productive in the long-term.

He accepted predictions that growth will be lowered by leaving the Single Market. And he denied that he was taking an approach similar to the former shadow Chancellor Ed Balls. "We need to have the space to be able to support the economy through [this] period. But we need to do that within a context that makes very clear that we will balance that budget, we will get back to a position of fiscal sustainability."

Labour, he argued, "would not be spending this money on the most productive forms of investment".

Healthy Streets Traffic Engineer Technical Lead x2
Bristol City Council
100 Temple Street Redcliffe Bristol BS1 6AN
BG13 £45,718 - £48,710
Healthy Streets Traffic Engineer Technical Lead x2
Bristol City Council
100 Temple Street Redcliffe Bristol BS1 6AN
BG13 £45,718 - £48,710
Senior Transport Planner
London Borough of Camden
5 Pancras Square, London, N1C 4AG
£44,579
View all Vacancies
 
Search
 
 
 

TransportXtra is part of Landor LINKS

© 2024 TransportXtra | Landor LINKS Ltd | All Rights Reserved

Subscriptions, Magazines & Online Access Enquires
[Frequently Asked Questions]
Email: subs.ltt@landor.co.uk | Tel: +44 (0) 20 7091 7959

Shop & Accounts Enquires
Email: accounts@landor.co.uk | Tel: +44 (0) 20 7091 7855

Advertising Sales & Recruitment Enquires
Email: daniel@landor.co.uk | Tel: +44 (0) 20 7091 7861

Events & Conference Enquires
Email: conferences@landor.co.uk | Tel: +44 (0) 20 7091 7865

Press Releases & Editorial Enquires
Email: info@transportxtra.com | Tel: +44 (0) 20 7091 7875

Privacy Policy | Terms and Conditions | Advertise

Web design london by Brainiac Media 2020