Tag Archives: Budget 2015

Low carbon infrastructure is vital to UK investment ambitions

Boat in offshore windfarmGeorge Osborne has two main objectives for government expenditure as chancellor: eliminate the deficit by cutting day to day spending and increase investment by prioritising capital spending.

As public expenditure has been reduced the chancellor has looked to the private sector to make up the shortfall.  So far, this strategy has worked: 2010-14 saw cumulative growth in GDP of seven per cent, helped considerably by £40 billion growth in the private sector investment component of GDP over the same period, a rise of 16 per cent.  This level of business investment was one of the strongest sources of growth the last parliament. Read more