The government must do more to boost UK infrastructure

By Holly Davis 2024-03-18T11:19:00

The chancellor missed an opportunity for meaningful demand-side stimuli in the Budget. With an election looming, the government must be more ambitious if it is to win the confidence of business leaders, says KPMG’s Holly Davis

After a year of scraping along with almost zero economic growth, the UK entered recession in the final quarter of 2023. However, the Fixed-Term Parliament Act has decreed that a general election must take place before the end of January 2025.

This month’s Budget was therefore a potential Conservative manifesto precursor rather than a specific stimulus to growth. The cut in national insurance may have been the headline-grabber but, now that the dust has settled, what will be the Budget’s impact on some of the UK’s key infrastructure issues?

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