Jonathan White, UK head of infrastructure, building and construction at KPMG in the UK comments on the latest Budget.
Jonathan White, UK head of infrastructure, building and construction at KPMG said:
“The UK has lagged behind others in the G7 in investing appropriately in world-class broadband infrastructure. Given how important connectivity is to boosting the economy, as well as the role it has to play in improving social infrastructure, it’s positive to see the chancellor address this area.
“Yet to benefit fully from better infrastructure, the UK also needs a workforce equipped with the right skills to capitalise on technological change. Government and business backing for upskilling schemes like the National Retraining Scheme will be key to ensuring this happens.
“With a growing population, the country’s housing shortage looks set to remain a longstanding issue if meaningful measures aren’t put in place. Extending the Housing Infrastructure Fund is a start, but more needs to be done to explain how this fits into its wider strategy around housebuilding. As a standalone measure, its impact will be fairly modest.”
- ENDS -
Follow us on twitter:
@kpmguk #Budget2018 http://www.kpmg.com/uk/budget2018
For further information please contact:
KPMG Press office:
T: +44 (0) 207 694 8773
Rebecca Hart, Senior Account Manager
T: +44 (0)203 773 9543
M: +44 (0)7903 256 182
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff. The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and territories and has 200,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.