CBI supports Chancellor’s road network investment plans
The CBI has responded to proposals from the Chancellor ahead of the Budget to invest more funds into the UK’s road network.
Former transport secretary Philip Hammond has proposed the investment of £30 billion in the UK’s transport network to aid in Britain’s post-Brexit future.
The CBI supports this proposal: “A well-functioning road network is the lifeblood of day-to-day business and the UK has much work to do on this front,” said CBI chief UK policy director Matthew Fell. “Investing so significantly in our roads could help ease the all too real delays that people face just getting to work and firms transporting goods to final destinations, let alone travel for any other reason.”
“It’s not just about providing the funds to create new networks, but to expand existing routes and simply fill the pot-holes that plague far too many roads in this country.”
The Chancellor has also to announce that councils will receive £420 million of immediate cash to maintain and improve local roads. This include fixing potholes, repairing damaged roads and keeping bridges safe and open.
Philip Hammond will deliver his budget at 3:30pm on the 29th of October.