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Responding to today’s Comprehensive Spending Review, Louis Willis, Director of the Invest in Britain campaign said:
“Today the Chancellor said she has chosen investment over decline, and billions for affordable housing, transport and energy efficiency show this government is putting its money where its mouth is.
“But this much-needed boost to investment cannot be the limit of the government’s ambition. It will take much more to properly repair the damage caused by years of underinvestment – the level of public investment has been below the OECD average for over 20 years.
“The tight current spending budgets published today for many departments also risk undermining the benefits of increasing investment, and could put further strain on already stretched public services. Voters want to see public services properly funded – even if this means raising taxes or borrowing. The Autumn Budget is an opportunity for the government to change course. It must take it.”